Alfa Group
Galmond's disputed 25% share in Megafon was held by Leonid Rozhetskin's LV Finance, a company which sold its share on 5 August 2003 for $200 million through several shell companies to Altimo a subsidiary of Alfa Group, the company fronted by Russian oligarch Mikhail Fridman. But, Galmond had an agreement to purchase LV Finance's 25% share in MegaFon already in 2001. Alfa Group was at the centre of many disputes involving disputed ownership of telecommunications operations. These companies included Norwegian Telenor, Swedish-Finnish TeliaSonera, Turkey's Turkcell and others. IPOC International Growth Fund even launched a RICO suit in the United States against Alfa Group and its associates.