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Panama Papers
Panama, 04.04.2016
There is nothing unlawful about the use of offshore companies. However the disclosures last night raised questions about the ways in which the system can be used - and abused. Sigmundur Davíð Gunnlaugsson, the prime minister of Iceland, is now facing accusations of a conflict of interest after the papers revealed that he co-owned a company set up in 2007 in the British Virgin Islands, to hold investments with his wealthy partner, later wife, Anna Sigurlaug Pálsdóttir. The country became one of the worst casualties of the global credit crisis.
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