JEFFREY GALMOND

'Jeffrey Peter Galmond' is a Danish lawyer and businessman. He is the owner of the law firm 'J. P. Galmond & Co'. He owns large portions of the holding companies that own the Russian mobile telecommunications operator Megafon. One of these portions is currently contested. Galmond has been accused of not being the true owner of the Russian assets, but of acting as a front to Russian minister of telecommunications Leonid Reiman. These claims are vigorously denied by Galmond.
Galmond's disputed share in Megafon is currently held by Alfa Group, the company fronted by Russian Oligarch Mikhail Fridman. Alfa Group is at the centre of many disputes involved disputed ownership of telecommunitions operations. These companies include Telenor, Teliasonera, Turkcell and others. IPOC has recently launched a RICO suit in the United States against Alfa Group and its associates.
In February 2007, Galmond was accused by the Bermuda minister of finance, Paula Cox of minor infringements of local business requirements. She has asked the supreme court to wind up IPOC International Growth Fund, a company run by Galmond, along with several other companies associated with Galmond. Galmond and IPOC have worked to solve the issue. One step taken was for IPOC to fund a report by KPMG into its operations. KPMG’s report, which cost its client(s) US$13 million, found no evidence that JPG was not the beneficial owner of the MegaFon stake, or Alfa’s claim that money going into IPOC funds was the proceeds of money laundering. In the meantime it was reported that a US company, Diligence, believed to be acting on behalf of Alfa Group, bribed KPMG employees to disclose confidential information about IPOC.
Galmond has also worked as a lawyer for companies associated with the Icelandic conglomerate Baugur.

Contents

External links

External links

★ J. P. Galmond & Co

★ Official IPOC site

★ RICO suit - Alfa Group Accused of Bribing to Buy MegaFon June 13, 2006

★ Spies, lies and KPMG February 26, 2007

★ Dane battles for Russian mobile company at The Copenhagen post online

★ Russia at Heart of German Probe - Moscow Times July 26, 2005

★ European Commission to investigate TeliaSonera deals in Russia - Helsingin Sanomat March 28, 2006

★ Royal Gazette: Cox moves to wind up IPOC

★ Danish financial newspaper, Børsen, on allegations of money laundering February 7 2007

★ Danish tabloid newspaper, Ekstrabladet, on the connections between Baugur and Galmond October 29 2006