Mon | Aug 21, 2017

Iceland prime minister faces no-confidence vote in scandal

Published:Tuesday | April 5, 2016 | 4:00 AM
Iceland's Prime Minister Sigmundur David Gunnlaugsson

REYKJAVIK, (AP):

The political future of Iceland's prime minister is in danger after documents leaked in a media investigation linked him to an offshore company that would have represented a serious conflict of interest.

Sigmundur DavÌo Gunnlaugsson faces calls for a vote of no confidence after news reports alleged that he and his wife had set up a company in the British Virgin Islands with the help of a Panamanian law firm at the centre of a massive tax evasion leak.

The revelation concerns the company Wintris Inc, which Gunnlaugsson allegedly created in 2007 along with his partner at the time, Anna Sigurlaug Palsdottir, who is now his wife.

He allegedly sold his half of the company to Palsdottir for $1 on December 31, 2009, the day before a new Icelandic law took effect that would have required him to declare the ownership of Wintris as a conflict of interest.