CEO of Fredriksen Group Arrested in Norway

Chief Executive Officer of the Fredriksen Group, Jo Lunder, was arrested by Norwegian police in Oslo on Wednesday, Reuters reports.

Lunder acted as former head of Russian mobile operator VimpelCom from 2011 till 2015, before he was appointed head of the Fredriksen Group in May this year, a role he assumed in September.

According to Russian state-funded television network, RT news, Lunder is suspected of being involved in alleged bribery case in Uzbekistan while working at VimpelCom.

Based on the findings of US and Dutch investigations, Russian mobile operators MTS and VimpelCom are believed to have paid hundreds of millions of US dollars to bribe officials in Uzbekistan to secure permits for wireless connections. VimpelCom set aside USD 900 million for litigation costs earlier this month pending investigation results.

Fredriksen Group controls investments in several large companies such as Seadrill Ltd, Frontline Ltd, Golden Ocean Group Ltd, Archer Ltd and Marine Harvest ASA.

Prior to his employment with Vimpelcom, Lunder was President of the Norwegian based investment company Ferd Capital and Executive Vice President of Ferd AS from 2007. From 2005 to 2007 Lunder was President and Chief Executive Officer at the IT infrastructure provider Atea ASA. Before that he served as CEO of OSJC Vimpelcom and for many years in key management roles in Telenor, a multinational telecom operator headquartered in Norway.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >