Icelanders demand resignation of Prime Minister

AN ESTIMATED 10,000 Icelanders have gathered outside parliament in Reykjavik to demand the resignation of Prime Minister Sigmundur David Gunnlaugsson over revelations in the Panama Papers.

He is one of 12 current or former world leaders to have had their hidden financial dealings exposed in the leak of 11 million documents from Panamanian law firm Mossack Fonseca, which specialises in setting up offshore shelf companies.

More than 25,000 people - in a country of 320,000 - have also signed a petition demanding the PM must go.

The leak of the Panama Papers has revealed accusations Mr Gunnlaugsson and his wife have used an offshore firm to allegedly hide million-dollar investments. Mr Gunnlaugsson, who is refusing to resign, insists their innocence and says they have paid all their taxes.

The leak has also put Pakistani PM Nawaz Sharif under pressure to explain his estimated $2 billion fortune.

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