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UPDATE 1-Norwegian police drop case against ex-Vimpelcom chief

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OSLO, Nov 1 (Reuters) - Norwegian police have ended a corruption investigation into the former chief executive of Vimpelcom, a company now known as Veon, saying on Wednesday he was no longer a suspect.

Jo Lunder was briefly held by police in 2015 as part of a probe into the companys business in Uzbekistan and had since been under investigation.

Following his arrest, he resigned from his position as chief executive of the Fredriksen Group, a company controlling billionaire investor John Fredriksens holdings in shipping, oil services, fish farming and other business.

"The case has been dropped," the police said in a statement.

Lunder now plans to sue the police for damages, his lawyer told Reuters.

"Jo Lunder is very happy about this. It has been a tough time and he feels relief that it is all over," Cato Schioetz said.

Vimpelcom admitted in February 2016 to having paid more than $114 million in bribes to a high-ranking Uzbekistan official, and agreed to pay $795 million in penalties to resolve related U.S. and Dutch probes. (Reporting by Joachim Dagenborg Writing by Terje Solsvik; Editing by Gwladys Fouche and Mark Potter)