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John Fredriksen suspends CEO charged with corruption

Jo Lunder, CEO of Fredriksen Group and head of shipowner John Fredriksen's billion dollar investments in shipping and oil, was arrested in Oslo Airport charged with corruption. He has now been suspended from his duties at Fredriksen Group.

Jo Lunder, CEO of Fredriksen Group, photographed on a previous occassion. | Photo: Sara Johannessen/Scanpix

Jo Lunder, who took over as CEO of shipping conglomerate Fredriksen Group just a few months ago, was apprehended and arrested in Oslo Airport when he arrived on the last plane Wednesday night.

Fredriksen Group has together with Jo Lunder decided that he will not for the time being serve as CEO of the shipping and oil conglomerate, reports Norwegian newspaper Dagens Næringsliv, citing news agency NTB.

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