Ousted Iceland’s Prime minster, Sigmundur David Gunnlaugsson, was forced to step down by his country men after he was named in the Panama documents some few weeks ago. Well, the trend seem to be showing no signs of abating.
The most recent casualties of PanamLeaks are the Chief Executive of Hypo Landesbank Vorarlberg (an Austrian bank), Mr Micheal Grahammer and President of the Chilean chapter of Transparency International, Mr Gonzalo Delaveau who have both been named in the Panama Papers. Both Mr Michael Grahammer and Mr Gonzalo Delaveau have since resigned their posts following the Panama Papers revelations.
Meanwhile, there were massive protests at 10 Downing Street in London over the weekend, with protesters calling for the resignation of the UK Prime Minister, David Cameron, over his alleged involvement in the Panama tax evasion scheme. There were also calls to kick the Tories (David Cameron’s party) out of power in the UK.
It will not be far from fact to assume that we are yet to see the end of the domino effect triggered by the Panama Papers.
The million dollar question is how transparent are the activities of Transparency International and similar organisations that are leading the global fight against corruption, given that one of Transparency International’s top level officer has been linked to corrupt activities relating to tax evasion in the Panama Papers?