The Prime Minister of Iceland, Sigmundur David Gunnlaugsson, is the first major political casualty of the leaked Panama Papers. Overnight, the leader resigned after documents from Mossack Fonseca revealed that he owned an offshore company with his wife but had not declared it when he entered parliament. Gunnlaugsson is accused of concealing millions of dollars worth of family assets stemming from his wife's inheritance. He says he sold his share to his wife, and has denied any wrongdoing. But yesterday, 10,000 angry Icelanders took to the streets to call for his resignation, which followed soon after.

Produced by Justin Bull
Guest: Steengrimur Sigfusson, Iceland's Former Finance Minister

Aired on ABC's RN Breakfast on April 6, 2016