General - Current Affairs Questions and Answers for Q. 20741

Q.  Which country’s PM resigned following the Panama Papers leak?
- Published on 06 Apr 16

a. Iceland
b. Finland
c. New Zealand
d. Australia

ANSWER: Iceland
Numerous politicians, celebs and criminals have been implicated in a 11 million strong cache of leaked files showing how the rich stored their money using offshore assets and illegally saved on tax.
  • Iceland’s PM Sigmundur David Gunnlaugsson' resigned- he and his wife were implicated in the scam
  • Leak has been dubbed Panama Papers by ICIJ or International Consortium of Investigative Journalists, a non profit group in the US which originally published them
  • Panama law firm Mossack Fonseca has been the creator of some of the world’s biggest shell firms
  • 12 current and former world leaders as well as 128 prominent figures are those named in the records

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