Sigurdur Ingi Johannsson named as new PM of Iceland

April 7, 2016

Iceland ruling coalition Government has named Sigurdur Ingi Johannsson (53) as the new Prime Minister after igmundur Gunnlaugsson had stepped down .
Prior to this, he was Agriculture and Fisheries Minister (since 2013) and deputy leader of the Progressive Party of the Ireland.
Earlier from May 2013 to December 2014 he also had served as Minister for the Environment and Natural Resources.
Background

  • Sigurdur Ingi Johannsson’s appointment comes after Sigmundur Gunnlaugsson had stepped down as PM in the wake of the leaked Panama Papers.
  • The leaks of Panama Papers from Panama law firm Mossack Fonseca, a law firm specialises in setting up offshore companies showed Gunnlaugsson owned an offshore firm with his wife.
  • Gunnlaugsson was the first casualty after the explosive leaks of confidential documents from Panamanian law firm Mossack Fonseca surfaced.
  • The leak had disclosed up to 11 million documents revealing how the rich and powerful people across the world hide their wealth, potentially to evade taxes.
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