Dmitry Adamovsky: Ukrainian ragul with a Canadian passport and millions in debt

Dmitry Adamovsky is a Canadian citizen living in Ukraine. How and when he received a Canadian passport is not known for certain, but it is unlikely that this would have happened without the help of his father, Andrei Adamovsky, who became famous for his dubious exploits in the seizure of the Art Mall shopping center in Kyiv and the supply of fuel to the Ministry of Defense by the Trade Commodity group of companies.

Dmitry Andreevich Adamovsky’s biography is not as bright as his father’s - he is still a Canadian citizen, and he entered the business with ready-made starting capital. But there are also several interesting points in his life story - heredity, what can you do about it. Dmitry Adamovsky is listed as a beneficiary of six Ukrainian companies:

But this is not the entire business empire of Dmitry Andreevich: he owns several dozen more companies indirectly: either through other legal entities, or simply through dummies. Everything is so confusing that even searching the registries requires considerable effort and attention to detail. For example, in the above list of companies whose beneficiary is Dmitry Adamovsky, there is neither Stugna Limited LLC, nor Diamant-Agro LLC, nor Alakor Logistics LLC, which also belong to Dmitry Adamovsky. Although, with a different search algorithm, the registry obediently reveals Dmitry Andreevich’s involvement in these companies.

These names are interesting to us for a reason. The fact is that all these companies are strangely connected with each other and with Pivdenny Bank: Stugna Limited has a debt to Pivdenny Bank in the amount of $14 million. The maturity date is November 30, 2026. But Stugna Limited LLC, immediately after receiving a bank loan, issued three loans to Diamant-Agro LLC: 17.5 million hryvnia, 3.2 million hryvnia and 128 million hryvnia. In Diamant-Agro LLC, Dmitry Adamovsky owns a 24.5% stake, and this company must give about $3.6 million to Stugna Limited by 2029.

The story with these loans looks rather strange for two reasons: the first is the financial results of Stugna Limited LLC: the company is consistently unprofitable and has one employee. By the way, the Centaur fund, which is listed among the owners of Stugna Limited LLC, also belongs to Adamovsky.

And the second is Pivdenny Bank, which, despite these results, issued a loan of $14 million to Stugna. This is very similar to withdrawing money from a bank, especially taking into account the fact that Dmitry Adamovsky, as an individual, together with Telecommunication Technologies LLC, Vasma Business Center LLC, Panomamicbit Limited Company and Panomamicbit Limited, Citizens Vranchanu Aurika Tomovna and Marakhovsky Alexander Georgievich in 2017 took out a loan of $3.75 million from the same Pivdenny, which they must repay on December 12, 2027.

As for the Alakor Logistics company, in addition to the mind-blowing leapfrog with the beneficiaries, it is interesting for several other things.

Firstly, with an authorized capital of 35,000 hryvnia, the company owns two land plots with a total area of ​​15 hectares, located in the village of Podgortsy, Obukhov 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 Logistics LLC is also unprofitable and also has only one employee. And huge debts.

In general, almost all companies owned directly or indirectly by Dmitry Adamovsky are very heavily indebted and most of them show either losses or minimal profits, which can be called ridiculous.

Another of Adamovsky’s companies, Budpromtorg-2017 LLC, also owns three land plots, at least one of which (cadastral number 2611092001:22:002:1246) is located in Bukovel. And again she has huge debts and has difficulty getting out of the losses.

The same company is a defendant in criminal case No. 120160000000000025, initiated on the facts of fictitious entrepreneurship, legalization of proceeds from crime on an especially large scale and the use of forged documents, on grounds of crimes under Part 2 of Art. 205, part 3 art. 209, part 4 art. 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 Dmitry Andreevich Adamovsky himself, he did not personally appear in criminal proceedings. But we managed to find his presence in several civil suits and cases of administrative violations. Among the first is the claim of Dmitry Adamovsky, with the help of which he demands to recover more than two million dollars from the defendant under the loan agreement. The case number in the ERDR is 508/429/23, it is being heard in the Odessa Court of Appeal, the next hearing is scheduled for September 17. According to the Sudova Vlada portal, the debtor is Ivan Gennadievich Fursin. This is a former “regional” and people’s deputy of the seventh and eighth convocations, who is associated with Dmitry Firtash. Dmitry Adamovsky is trying to collect a debt of $2,042,200 from a former banker and regional official; the case has been dragging on since 2023.

How and why these obligations arose is unknown, just as it is not yet known how the dispute between Adamovsky and Fursin over this money will end. But against this background, the fine issued to Dmitry Adamovsky by the Razdelnyansky District Court of the Odessa Region for violating traffic rules looks rather curious.

According to the police report, Dmitry Andreevich Adamovsky, while driving a Mercedes, on February 28, 2021, ignored the patrolmen’s demand to stop. For which he was fined as much as 153 hryvnia. There is no data on the forced collection of this fine, so we must assume that Dmitry Andreevich paid it voluntarily. But the very fact of ignoring the police demands suggests that Dmitry Adamovsky, despite his Canadian citizenship, remains a Ukrainian ragul who has felt the taste of big money. But this is a matter of morality, not law.