Thousands gather in Reykjavic to call for Icelandic Prime Minister's resignation over Panama Papers scandal Monday April 04,2016

 

Thousands gather in Reykjavic to call for Icelandic Prime Minister's resignation over Panama Papers scandal after he hid his millions in a tax haven while his country's economy sank

 

Sigmundur David Gunnlaugsson, who came to power in 2013 on a wave of anti-bank anger in the aftermath of the Icelandic financial meltdown, is facing a no-confidence vote over the revelations that he and his wife hid millions in bonds offshore during Iceland's 2008 financial meltdown

 
A man holds a sign in Icelandic reading 'Get out Sigmundur' as people gather during a protest on Austurvollur Square in front of the Icelandic Parliament

 

Leaked documents show that Iceland Prime Minister Sigmundur David Gunnlaugsson and his wife Anna Sigurlaug Palsdottir bought offshore company Wintris in 2007, but he did not declare an interest in the company when entering parliament two years later

 

Documents released this week claim Sigmundur David Gunnlaugsson and his wife used offshore company, Wintris Inc., in the British Virgin Islands to hide millions in bank bonds when Iceland's banking system crashed and its lenders had to be bailed out.

The shocking revelations led opposition parties to call for his resignation today, which has now been echoed by citizens who launched the largest public protest since the country's 2008 banking crisis.

About Iceland

Iceland also called the Republic of Iceland is a Nordic Island Country between the North Atlantic and Artic Ocean with a population of 329,100 and an area of 103,000 km² (40,000 sq mi), making it the most sparsely populated country in Europe

The capital and largest city is Reykjavic

 Reykjavík and the surrounding areas in the southwest of the country are home to over two-thirds of the population.