Crowd’s concentrated outside parliament buildings in Iceland and demanded for the resignation of Iceland Prime Minister as a result of concealing investments in an offshore company after the Panama Papers revelation.
Sigmundur earlier on declined to resign after details regarding Wintris were made public in a massive data leak.
At the time when he was entering parliament in 2009, he did not declare his assets in foreign countries.
The opposition party has the plans of conducting a vote of no confidence.
Mr. Sigmundur has maintained that he broke no rules and that there was no financial benefit for his wife.
8 months after he entered parliament, he sold 50% of Wintris to his wife at a cost of $1.
As per a document that Sigmundur’s wife signed, the purpose of the offshore company was to millions of dollars of inherited money in 2015.
Records from the court indicate that Wintris had stakes in bonds that three Icelandic banks issued but collapsed in 2008.
The prime minister shunned out foreign creditors who wanted to be repaid in full by the Icelandic banks after the collapse. Had they been repaid, the banks would have been affected adversely and the bonds value in Wintris would have gone down.
During an interview that happened on Channel 2 TV, the PM said that the public interest has always come first to him.
“I have not considered quitting because of this matter nor am I going to quit because of this matter,” he said.
“The government has had good results. Progress has been strong and it is important that the government can finish their work.”