People gather to demonstrate against Iceland’s prime minister Sigmundur David Gunnlaugsson, in Reykjavik on Monday April 4, 2016. Iceland’s prime minister insisted Monday he would not resign after documents leaked in a media investigation allegedly link him to an offshore company that could represent a serious conflict of interest, according to information leaked from a Panamanian law firm at the center of an international tax evasion scheme. (AP Photo/Brynjar Gunnarsson) REYKJAVIK, Iceland (AP) – Iceland’s embattled prime minister has resigned amid a controversy over his offshore holdings, a Cabinet minister said Tuesday as outrage over the accounts roiled the North Atlantic island nation.
Prime Minister Sigmundur David Gunnlaugsson is stepping down as leader of the country’s coalition government, Agriculture Minister Sigurdur Ingi Johannsson told Icelandic broadcaster RUV.
No replacement has yet been named, and Iceland’s president has not yet confirmed that he has accepted the resignation.
Thousands of Icelanders protested outside the parliament building in Reykjavik on Monday, demanding that Gunnlaugsson resign over reported offshore financial dealings by him and his wife that opposition lawmakers say amount to a major conflict of interest with his job.
Gunnlaugsson would be the first major figure brought down by a leak of more than 11 million financial documents from a Panamanian law firm showing tax-avoidance arrangements of the rich and famous around the world.