Moment Icelandic Prime Minister storms out of interview when asked about hiding millions in bank bonds through secretive Panama firm – while his country’s financial system collapsed

Monday, April 4, 2016
By Paul Martin

Sigmundur David Gunnlaugsson faces calls to resign over claims he hid millions in firm in the British Virgin Islands
Leaked documents claim he and his wife used firm to buy bank bonds when Iceland’s financial system collapsed
When pressed on claims in interview, he snapped: ‘I don’t know how these things work. I have never hidden assets’
He is among 12 world leaders implicated in 11million documents leaked from secretive Panamanian law firm
Others include Vladimir Putin, Egypt’s former president Hosni Mubarak and Libya’s former leader Colonel Gaddafi
Celebrities including Hollywood star Jackie Chan and Barcelona footballer Lionel Messi also used tax havens

By Simon Tomlinson and Stephanie Linning and Martin Robinson
4 April 2016

This is the moment Iceland’s prime minister storms out of an interview when asked about claims he used a secret offshore firm to hide millions of dollars while his country’s banking system collapsed.

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.

Documents claim 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.

He is among a number of world leaders including Vladimir Putin, celebrities, British politicians and the global rich who have been revealed in 11million documents in the biggest financial data leak in history.

Megastars Jackie Chan and Lionel Messi are among the big names celebrities named in the Panama files – while David Cameron is under pressure to reveal if his family still has cash in tax havens after it was revealed his late father Ian ran an investment fund that never had to pay tax in Britain.

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