Panama papers scandal austrian bank chief resigns

You're referring to the Panama Papers scandal!

Yes, you're correct. In April 2016, the CEO of Raiffeisen Bank International, the largest bank in Austria, resigned amidst the fallout from the Panama Papers scandal.

Raiffeisen Bank International was one of the banks implicated in the scandal, which revealed that many wealthy individuals and politicians had used offshore accounts to hide their wealth and avoid taxes. The bank was accused of having close ties to the offshore law firm Mossack Fonseca, which was at the center of the scandal.

The CEO, Johann Strobl, resigned on April 12, 2016, citing the need to "distance himself from the current controversy" and to "protect the reputation of the bank." His resignation came after several high-ranking officials at the bank had already stepped down or been fired in the wake of the scandal.

The Panama Papers scandal was a massive leak of financial documents that revealed widespread tax evasion and money laundering by wealthy individuals and politicians around the world. The leak, which was published by the International Consortium of Investigative Journalists (ICIJ) in April 2016, exposed the use of offshore accounts and shell companies to hide assets and avoid taxes.

The scandal led to widespread outrage and calls for greater transparency and accountability in the financial sector. It also led to the resignation of several high-ranking officials, including the Prime Minister of Iceland, and the imposition of sanctions on several individuals and entities implicated in the scandal.