Iceland leader becomes first to fall in offshore holdings leak

LONDON (AP) — The leak of millions of records on offshore accounts claimed its first high-profile political casualty Tuesday as Iceland's prime minister stepped aside amid outrage over revelations he had used such a shell company to shelter large sums while Iceland's economy was in crisis.
Icelandic leader Sigmundur David Gunnlaugsson is the first major figure brought down by the publication of the names of rich and powerful people linked to the leaks, dubbed the Panama Papers.