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Iceland Prime Minister Sigmundur David Gunnlaugsson will resign, his party said on Tuesday, becoming the first casualty of leaked documents from a Panamanian law firm that have shone a spotlight on the finances of an array of politicians and public figures worldwide.

The “Panama Papers” showed the premier and his wife owned an offshore company with big claims on Icelandic banks, infuriating many in his country who joined mass street protests calling for him to resign.

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