Icelandic PM Facing Calls to Resign
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.