Lunder to keep distance from Fredriksen while corruption investigations continue

Lunder to keep distance from Fredriksen while corruption investigations continue

Jo Lunder has said he will remain on leave from his position as head of the Fredriksen Group while a corruption investigation continues into his role at telecoms company Vimpelcom.

Lunder, who came out of custody yesterday having been held for five days in an Oslo jail, was speaking at a press conference in which he stressed he was innocent of all allegations against him. The head of John Fredriksen’s diverse maritime holdings was arrested by police in Norway late last Wednesday night and charged with corruption

Norwegian, Dutch, Swiss and US police are investigating Vimpelcom over payments made in connection to its operations in Uzbekistan.

Lunder resigned from VimpelCom in March this year, having been its chief executive since 2011. At the time, VimpelCom said that the resignation was “entirely independent of the corruption investigation” of the company. According to the press release that announced his resignation, Lunder was to act as a consultant to VimpelCom over a transitional period until July 13 this year.

In May, Lunder was appointed head of the Fredriksen Group, which manages John Fredriksen’s interests in his group companies Frontline, Seadrill, Golden Ocean, fish farm company Marine Harvest and other firms.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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