The Panama Papers leak has implicated many world leaders in dodgy offshore investment and banking schemes, but now they’ve got themselves a head – Iceland’s PM Sigmundur Gunnlaugsson has bowed into pressure from protesters and resigned.

The leader of the Progressive Party was implicated in a very seedy arrangement in the massive leak of Mossack Fonseca info, where he and his wife invested – in a massive conflict of interest – with Wintris, a creditor to Iceland’s failed banks during the global financial crisis.

His enormous horror at being exposed has been immortalised in this GIF:

Iceland’s PM Jumps Ship Over Dodgy Dealings In Panama Papers Scandal

It was transparently a huge problem, but Gunnlaugson refused to admit fault – and still basically hasn’t. For all intents and purposes, he’s resigned, but he claims he’s only temporarily stepping aside in favour of PM designate Sigurður Ingi Jóhannsson (so many great, great names).

Safe to assume this won’t be the last big drama to come out of this leak.

Source: The Guardian.

Photo: Getty Images / Haldor Kolbeins.