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prime minister of Iceland quit on Tuesday because of new global financial scandal. Sigmundur Gunnlaugsson resigned because his name was in secret documents leaked from Panama law firm. Journalists reported on 11.5 million leaked e-mails and letters over weekend. They contain information about how world's richest and most famous people avoid paying tax. Thousands of world's most powerful people appear in documents. Iceland's leader is first to resign because of scandal. The Panama Papers name over 215,000 companies and 14,153 clients of Panamanian law firm Mossack Fonseca, including many current and former world leaders.

Many governments and celebrities around world are now trying to keep the scandal from hitting them. British prime minister David Cameron could be embarrassed because his father was one of law firm's clients. Sports figures identified in leaks include Lionel Messi and the new FIFA president Gianni Infantino. He is shocked that people are questioning his honesty. Mossack Fonseca could also be in trouble. Journalists say it worked with 33 people or companies that were part of international sanctions, including cousin of Syrian president Bashar al-Assad, and companies in North Korea. British tax expert said there is up to $32 trillion in untaxed financial wealth around world.

 
 

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