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Ólafur Ragnar Grímsson
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===2016 election and Panama Papers controversy=== In a statement to the country on 1 January 2016, Ólafur Ragnar announced that he would not run in the [[2016 Icelandic presidential election|2016 presidential election]], wanting "to transfer the responsibilities of the president onto other shoulders".<ref>{{cite news |date=1 January 2016 |title=Iceland's president not seeking re-election after 20 years |url=https://www.washingtonpost.com/world/europe/icelands-president-not-seeking-re-election-after-20-years/2016/01/01/a3b107c2-b0b7-11e5-b281-43c0b56f61fa_story.html |archive-url=https://web.archive.org/web/20160101195140/https://www.washingtonpost.com/world/europe/icelands-president-not-seeking-re-election-after-20-years/2016/01/01/a3b107c2-b0b7-11e5-b281-43c0b56f61fa_story.html |url-status=dead |archive-date=1 January 2016 |newspaper=[[The Washington Post]] |agency=[[Associated Press]] |access-date=1 January 2016}}</ref> He later withdrew the statement and decided in April to run again,<ref name="Monitor-18Apr">{{cite news |date=18 April 2016 |title=Ólafur Ragnar to run for re-election |url=http://icelandmonitor.mbl.is/news/politics_and_society/2016/04/18/olafur_ragnar_to_run_for_re_election_10/ |work=Iceland Monitor |publisher=[[Morgunblaðið]] |access-date=18 April 2016}}</ref> citing political unrest after the fallout of the [[Panama Papers]] leak, which implicated [[Prime Minister of Iceland|Prime Minister]] [[Sigmundur Davíð Gunnlaugsson]] and led to his resignation after [[2016 Icelandic anti-government protests|large anti-government protests]].<ref>{{cite news |date=4 April 2016 |title=Panama Papers: Iceland PM Sigmundur Gunnlaugsson steps down |url=https://www.bbc.com/news/world-europe-35966412 |publisher=[[BBC News]] |access-date=18 April 2016}}</ref> After [[Guðni Th. Jóhannesson]] and [[Davíð Oddsson]] announced their candidacies, he again changed his mind and on 9 May declared he would not run.<ref>{{Cite web|title=Ólafur Ragnar hættur við framboð|url=https://www.mbl.is/frettir/kosning/2016/05/09/olafur_ragnar_haettur_vid_frambod/|website=www.mbl.is}}</ref> [[The Reykjavík Grapevine|Reykjavik Grapevine]] and the news site [[Kjarninn]] revealed that Ólafur Ragnar's wife, Dorrit Moussaieff, had connections to an [[offshore company]] in the [[British Virgin Islands]]. Ólafur Ragnar had denied any personal or family ties to companies in [[tax haven]]s. The company was owned by the parents of Dorrit. According to Kjarninn, the company, Lasca Finance, was in operation from 1999 to 2005. The financial statements of Moussaieff Jewelers Limited show it received almost £7 million ({{US$}}10.2 million or €9.1 million) in interest payments from Lasca in 2000–2005.{{Citation needed|date=December 2024}}
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