The Panama papers, leaked form Mossack Fonseca, continue to send shockwaves through Icelandic society. Earlier in April revelations from the leaked documents about Wintris, an offshore company registered in the British Virgin Islands and owned by the wife of then Prime Minister Sigmundur Davíð Gunnlaugsson, cost the Prime Minister his job, resulted in a new government being formed and general elections being held in October, six months before the current term runs out.
Last week further revelations showing that investors Jón Ásgeir Jóhannesson and Ingibjörg Pálmadóttir own offshore companies that have been used to finance their investments and companies, and to pay off debt to creditors were published.
And on Monday Kjarninn reported that Moussaieff Jewellers, the family company of Iceland’s first lady Dorrit Moussaieff, owned part in an offshore company in the British Virgin Islands from 1999 to 2005. In 2005, the company sold its share to the first lady’s parents. The company, called Lasca Finance Limited, is in the Panama papers. President Ólafur Ragnar Grímsson had been asked in an interview on CNN a few days earlier whether he or his family was connected to offshore companies and whether something would come to light about them. “No, no, no, no, no. That will not be the case,” the president said.