The court released the former CEO of Vimpelcom Lunder from arrest

Moscow. November 11. The former head of the telecommunications holding Vimpelcom Ltd. Jo Lunder, who was arrested on 4 November in Oslo, released by the court of appeal, reports Bloomberg.

Norwegian police announced that it will not appeal the court’s decision but will continue their investigation in cooperation with law enforcement agencies of other countries.

At the end of last week, the court of first instance in Oslo came to the conclusion that while in the case of corruption there is no sound evidence j.Lunder, however, upheld the decision on his detention until the decision of the court of appeal.

Law enforcement agencies investigating corrupt deals of Vimpelcom in Uzbekistan, in connection with than a week ago j.The Lunder was arrested at the airport in the Norwegian capital after arriving on a flight from London.

Vimpelcom has earmarked $900 million under the payments in connection with the investigation.

The U.S. government and the Netherlands (Amsterdam is the headquarters of Vimpelcom) from March 2014 investigating the deal Vimpelcom to Takilant Ltd., which is associated with the daughter of Uzbekistan’s President Gulnara Karimova. Vimpelcom last year disclosed information about transactions with Takilant in the annual report on form 20-F, stating that in 2007, Takilant sold 7% of its Uzbek business for $20 million, and in 2009 bought back for $57.5 million in addition, Vimpelcom paid Takilant $57 million for frequency 3G and LTE, as well as the communication channels.