Dmytro Adamovskyi is a Canadian citizen living in Ukraine. It is not known for certain how and when he received a Canadian passport, but it is unlikely that it happened without the help of his father, Andriy Adamovskyi, who became famous for his dubious exploits during the seizure of the Art Mall shopping center in Kyiv and the supply of fuel to the Ministry of Defence by the Trade Commodity group of companies.
Dmytro Adamovskyi’s biography is not as colourful as his father’s - he is a Canadian citizen, after all, and he entered the business with ready-made start-up capital. But there are some interesting moments in his life story, too - heredity, what can you do? Dmytro Adamovskyi is listed as a beneficiary of six Ukrainian companies:
But this is not the whole business empire of Dmytro Adamovskyi: he owns several dozen more companies indirectly, either through other legal entities or through front men. Everything is so complicated that even a search in the registers requires considerable effort and attention to detail. For example, the above list of companies whose beneficiary is Dmytro Adamovskyi does not include Stugna Limited, Diamant-Agro LLC or Alakor Logistic LLC, which are also owned by Dmytro Adamovskyi. However, using a different search algorithm, the registry dutifully reveals Dmytro Adamovskyi’s involvement in these companies.
We are interested in these names for a reason. The fact is that all these companies are strangely connected to each other and to Pivdenny Bank: ‘Stugna Limited is indebted to Pivdennyi Bank in the amount of $14 million. The maturity date is 30 November 2026. However, immediately after receiving the bank loan, Stugna Limited issued three loans to Diamant-Agro LLC: UAH 17.5 million, UAH 3.2 million and UAH 128 million. Dmytro Adamovskyi owns a 24.5% stake in Diamant-Agro LLC, and the company is to pay Stugni Limited about $3.6 million by 2029.
The story with these loans looks rather strange for two reasons: the first is the financial results of Stugna Limited: the company is consistently unprofitable and has one employee. By the way, the Centaur Fund, which is among the owners of Stugna Limited, also belongs to Adamovskyi.
And the second is Pivdennyi Bank, which, despite these results, issued a $14 million loan to Stugna. This is very similar to withdrawing money from the bank, especially given the fact that Dmytro Adamovskyi as an individual, together with Telecommunication Technologies LLC, Vasma Business Centre LLC, Panomamikbit Limited Company and Panomamikbit Limited, citizens Vranchanu Aurica Tomivna and Marakhovskyi Oleksandr in 2017 took out a loan from the same Pivdennyi Bank in the amount of USD 3.75 million, which they must repay on 12 December 2027.
As for Alakor Logistic, in addition to the amazing charade with beneficiaries, it is interesting for several other reasons.
Firstly, with a charter capital of UAH 35,000, the company owns two land plots with a total area of 15 hectares located in the village of Pidhirtsi, Obukhiv district, Kyiv region. The market value of these plots with cadastral numbers 3223186800:12:003:0033 (7.0001 hectares) and 3223186800:12:003:0053 (7.9583 hectares) is about $4.5 million. Secondly, Alakor Logistic LLC is also unprofitable and has only one employee. And it has huge debts.
In general, almost all the companies owned directly or indirectly by Dmytro Adamovskyi are heavily indebted and mostly show either losses or minimal profits, which can be called ridiculous.
Another Adamovskyi company, Budpromtorg-2017 LLC - also owns three land plots, at least one of which (cadastral number 2611092001:22:002:1246) is located in Bukovel. Once again, it has huge debts and has struggled to get out of the red.
This company is a defendant in the criminal case №120160000000000025, initiated on the facts of fictitious entrepreneurship, legalisation of proceeds of crime in a particularly large amount and the use of forged documents, on the grounds of crimes under Part 2 of Article 205, Part 3 of Article 209, Part 4 of Article 358 of the Criminal Code of Ukraine. However, judging by the court registers, the criminal case has long been hopelessly stuck at the investigation stage.
As for Dmytro Adamovskyi himself, he was not personally involved in any criminal proceedings. However, we managed to find his presence in several civil lawsuits and cases of administrative offences. Among the first is a lawsuit filed by Dmytro Adamovskyi, through which he claims to recover more than two million dollars from the defendant under a loan agreement. The case number in the URPTI is 508/429/23, it is being heard by the Odesa Court of Appeal, with the next hearing scheduled for 17 September. According to the Judicial Power portal, the debtor is Ivan Fursin. He is a former Party of Regions member and MP of the seventh and eighth convocations, who is associated with Dmytro Firtash. Dmytro Adamovskyi is trying to recover a debt of $2,042,200 from the former banker and Party of Regions member, a case that has been ongoing since 2023.
How and why these obligations arose is unknown, as is the outcome of the dispute between Adamovskyi and Fursin over the money. But against this background, the fine issued to Dmytro Adamovskyi by the Rozdilnyansky District Court of Odesa Region for traffic violations looks rather curious.
According to the police report, Dmytro Adamovskyi, driving a Mercedes, ignored the request of the patrol policemen to stop on 28 February 2021. For this, he was fined as much as UAH 153. There is no data on the enforcement of this fine, so we must assume that Dmytro Andriyovych paid it voluntarily. However, the very fact that he ignored the police’s demands suggests that, despite his Canadian citizenship, Dmytro Adamovskyi remains a Ukrainian stew who has tasted big money. But this is a matter of morality, not law.