Ice­landic PM Fac­ing Calls to Re­sign

The Economic Times - - Around The World -

The Ice­landic prime min­is­ter is fac­ing calls to re­sign af­ter leaked doc­u­ments re­vealed fi­nan­cial ar­range­ments which one for­mer min­is­ter said risked mak­ing Ice­land look like a “ba­nana re­pub­lic.” The files re­veal that Sig­mundur Gunnlaugs­son pur­chased a com­pany called Win­tris in 2007 with his wife but failed to de­clare this as an in­ter­est when he be­came an MP in 2009. Gunnlaugs­son then sold his 50% of Win­tris to his wife for $1, or 70p, just eight months later. A doc­u­ment signed by his wife in 2015 shows the com­pany was used to in­vest millions of dol­lars which they had in­her­ited. For­mer Ice­landic PM Jo­hanna Sig­uroar­d­ot­tir said Gunnlaugs­son would have to re­sign if he was un­able to re­gain pu­bic trust. Gunnlaugs­son has said no rules were bro­ken and de­nied that he or is wife had ben­e­fited fi­nan­cially from his con­duct.

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