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Panama Papers

Sigmundur Davíð Gunnlaugsson

Panama Papers Coverage Wins Pulitzer Prize

The McClatchy Company, the ICIJ international investigative journalists’ association, and the Miami Herald were last night awarded the prestigious Pulitzer Prize for ten investigations of the Panama Papers scandal—including one into Wintris, the offshore company owned by Anna Sigurlaug...

Minister of Finance Bjarni Benediktsson speaking at the Independence Party general meeting in 2013.

Report on Offshore Assets Shelved Pre-Election

A report revealing that the Icelandic state is likely losing out on ISK 2.8 to 6.5 billion (USD 25-57 million, EUR 23-54 million) annually because of Icelandic tax payers’ offshore assets was presented on Friday. The report was authored by a task force appointed by Minister of Finance Bjarni...

Former PM Claims Computer was Hacked

In a speech at the Progressive Party’s central committee meeting on Friday, former PM of Iceland, Sigmundur Davíð Gunnlaugsson, stated he knew his computer had been hacked.

Money - Icelandic Króna

Car Magnate’s Missing Millions Found?

Three family members of former Reykjavík city councilor Júlíus Vífill Ingvarsson say that the day after the Panama Papers leak broke in the press, he confessed to the family that his parents’ funds were being stored in his own offshore company.

Mossack Fonseca Headquarters

Panama Papers Expose Icelandic Executive

Hannes Smárason, former CEO and board director of FL Group, was the authorized signatory of a company in Panama, which received an ISK 3 billion (USD 24 million, EUR 21 million) loan from the holding company Fons in 2007.

Dorrit Moussaieff

Iceland’s First Lady: ‘Never Discussed Finances with President’

Dorrit Moussaieff, wife of President of Iceland Ólafur Ragnar Grímsson, has released a statement about recent media reports that she has links to offshore accounts, revealed in the so-called Swiss Leaks and Panama Papers. She states, among other things, that she has never had an account with...

Secret Solstice

Who is the Fake Man?

Icelandic media are abuzz today about “the fake foreign man” who was among the biggest debtors of the failed old Icelandic banks before the 2008 crash. The name does not refer to a specific individual; it is actually a collective term for a number of unknown overseas legal entities.

Money - Icelandic Króna

Panama Papers Revelations “Déjà Vu”

Yesterday’s new revelations on the financial dealings of influential people in Icelandic politics and pension funds are a direct illustration of worrying trading practices covered in the famous 2010 Alþingi research report into the financial crash, according to Associate Professor of Political...

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