Reykjavik, Rajab 30, 1437, May 7, 2016, SPA -- Iceland's president said Saturday his plans to run for a new term in office were not affected by reports that his parents-in-law had a company in a Caribbean tax haven. The so-called Panama Papers leak suggested that the parents of President Olafur Ragnar Grimsson's wife Dorrit Moussaief had an offshore company in the British Virgin Islands from 1999 to 2005, channelling funds from a jewellery firm, according to German newspaper Sueddeutsche Zeitung and Icelandic news site Kjarninn. The initial reports said the offshore company, Lasca Finance Limited, was set up by Panama-based law firm Mossack Fonseca, dpa reported. Earlier this week, other leaked data linked the president's wife to another offshore company called Jaywick Properties. -- SPA 21:47 LOCAL TIME 18:47 GMT www.spa.gov.sa/w