Sigmundur Dav Gunnlaugsson and Iceland

Keri Phillips: Why is Iceland so intolerant of financial misbehaviour Keri Phillips explains, according to Australian Broadcasting Corporation. It took less than a week for Iceland prime minister, Sigmundur Davíð Gunnlaugsson, to stand aside after the Panama Papers revealed details of his wife offshore account. Iceland Sigmundur Davíð Gunnlaugsson wasn't the only world leader named in the Panama Papers, but he was the first to lose his job over it. His message to the country was more or less that we should all be together, we are all in the same boat, but at the same time he had taken a boat of his own, filled it up with gold and moved it abroad. He had not disclosed his holding in Wintris when he entered parliament in 2009, and he sold his half of the shares to his wife for a dollar some months later. Guðni Jóhannesson, University of Iceland The leaked documents revealed Sigmundur Davíð had been the co-owner of a company called Wintris Inc, set up in 2007 in the British Virgin Islands to hold and invest the inheritance of Anna Sigurlaug Pálsdóttir, the woman who would become his wife. (news.financializer.com). As reported in the news.