Panama Papers in the context of "Investigative journalism"

Sigmundur Davíð Gunnlaugsson ([ˈsɪɣmʏntʏr ˈtaːvið ˈkʏnlœyxˌsɔːn]; born 12 March 1975) is an Icelandic politician who was the prime minister of Iceland from May 2013 until April 2016. He was also chairman of the Progressive Party from 2009 to October 2016. He was elected to the Althing (Iceland's parliament) as the 8th member for the Reykjavík North Constituency on 25 April 2009. Taking office at 38, he was the third youngest Icelander to become prime minister.

Following the release of the Panama Papers, he announced on 5 April 2016 that he would resign as prime minister amid public outrage at him for owning an offshore company to shelter money and not disclosing that when entering parliament. On 7 April 2016, he was replaced as prime minister by Sigurður Ingi Jóhannsson, who also replaced him as chairman of the Progressive Party on 2 October 2016, following a defeat after he had campaigned to continue as leader. Just before the 2017 parliamentary election, he left the Progressive Party and founded the Centre Party; and is currently that party's leader.

The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state as well as more than 100 business leaders, billionaires, and celebrities. The news organizations of the ICIJ described the document leak as their most expansive exposé of financial secrecy yet, containing documents, images, emails and spreadsheets from 14 financial service companies, in nations including Panama, Switzerland and the United Arab Emirates. The size of the leak surpassed their previous release of the Panama Papers in 2016, which had 11.5 million confidential documents and 2.6 terabytes of data. The ICIJ said it is not identifying its source for the documents.

The ICIJ estimates that the total global amount of money held offshore (outside the country where the money was made) is between US$5.6 trillion and US$32 trillion.

Sigurður Ingi Jóhannsson (pronounced [ˈsɪːɣʏrðʏr ˈiŋgɪ ˈjouːhansɔn]; born 20 April 1962) is an Icelandic politician, who was the prime minister of Iceland from April 2016 to January 2017. He has been the chairman of the Progressive Party since 2016 and Minister of Finance and Economic Affairs from April to December 2024, having previously served as Minister of Infrastructure.

Sigurður Ingi was appointed as the prime minister on 7 April 2016, following the resignation of Sigmundur Davíð Gunnlaugsson in the wake of revelations contained in the Panama Papers. He was elected as chairman of the Progressive Party on 2 October that year, narrowly ahead of the incumbent chairman Sigmundur Davíð.