Iceland's Prime Minister quits following Panama Papers scandal

Iceland's Prime Minister Sigmundur Gunnlaugsson has offered his resignation over allegations of offshore investments revealed in the Panama papers leak, an Icelandic broadcaster has reported.

Iceland's embattled prime minister has resigned amid a controversy over his offshore holdings as outrage over the accounts angered the North Atlantic island nation.

Prime Minister Sigmundur David Gunnlaugsson is stepping down as leader of the country's coalition government, Agriculture Minister Sigurdur Ingi Johannsson told Icelandic broadcaster RUV.