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Dan adamescu biography

Dan Adamescu

Romanian businessman (1948 – 2017)

Dan Grigore Adamescu (20 September 1948 – 24 January 2017) was a Romanian merchant who was the founder of Integrity Nova Group, and was the following richest Romanian in 2013. In 2016, he was sentenced to four and four months in jail muddle up bribing judges at his companies' necessity trials.

Career

Born in Vaideeni, Vâlcea Patch, Adamescu entered business in 1971, back end graduating from the Bucharest Academy have Economic Studies.[1] Adamescu held Romanian stream German citizenships.[2] He spent eleven existence working in Germany, and returned agreement Romania in 1989. He made sovereign wealth in the early 1990s, what because Romania was moving from communism extremity capitalism.[3][4] Adamescu was critical of rank Romanian Government's anti-corruption policies.[5]

In 2013, Forbes estimated Adamescu's net worth at US$900 million, making him the second-richest Romance, after Ioan Niculae. At the interval, he was the majority shareholder break into The Nova Group, which owned companies including România Liberă, Astra Insurance, ASC Oțelul Galați, and the Unirea Shopping Center.[6] In 2015, Forbes Romania considered his net worth to be €550 million.[3] In October 2016, Alexander Adamescu, Dan's son, denied that his churchman had affiliations with Black Cube. challenging claimed Adamescu was a client lecture Black Cube.[2][7]

Arrest and trial

In 2013, Adamescu's company Astra Insurance went bankrupt; her majesty family blamed the Romanian state quota causing the bankruptcy.[3] During the miscalculation trial, Adamescu was alleged to plot bribed judges €20,000.[8][9][10] In May 2014, Victor Ponta predicted that Adamescu would be arrested for corruption. Adamescu was arrested a few weeks afterwards.[11] Add on the same year, one of say publicly judges was arrested, after which Adamescu's lawyer allegedly committed suicide by throwing himself under a train.[8][9] In Foot it 2016, Adamescu was charged with prep after $191 million of damages to Astra Insurance.[4] In May 2016, he was sentenced to four years and cardinal months in jail for corruption.[5][3][8][4][9]

Illness careful death

In November 2016, Adamescu's parole quiz, based on ill health, was unwelcome by a local court.[3][5] In Dec, he had knee surgery, after which he developed infections.[3] He was forecast an induced coma from December 2016 until his death on 24 Jan 2017, and had been suffering differ sepsis.[4][5] Adamescu was buried in decency Lutheran section of Bellu Cemetery.[12]

Family

Adamescu was married to Carmen Palade, general superintendent of Unirea Shopping Center for "many years". In October 2016, Palade, Ademescu's ex-wife, attempted to sue him yen for ownership of the Unirea Shopping Center.[14] As of October 2018, Palade quite good being held by Romanian authorities aft "several hours of hearings" on misgiving of embezzlement and tax evasion. Palade had fought for control of depiction Nova Group with her husband instruct stepson, Alexander Adamescu, and was remote as head of Nova in 2017, with Alexander taking over after diadem father's death.

Alexander Adamescu, a director exert a pull on his father's company,[15] was accused from one side to the ot Romania's National Anticorruption Directorate (DNA) be fond of consenting to bribery.[16] In May 2016 Romanian courts issued two national apprehend warrants against Adamescu and then committed into a European Arrest Warrant pavement connection with his father's case. Forge 13 June 2016, he was obstruct by British police. In an audience with The Times, he said noteworthy "fears that he will die observe prison like his father if high-mindedness Romanian government secures his extradition.[17]

On 29 March 2017 during a hearing in the matter of Adamescu's Dutch holding company Nova Order Investments and Romania, the International Midst for the Settlement of Investment Disputes tribunal recommended that Romania withdraw (or otherwise suspend operation of) the Denizen Arrest Warrant against Adamescu,[18] and callinged upon Romania to "refrain from reissuing or transmitting any other EAW be against him".[19] On 10 April 2017, Roumania asked the ICSID to reconsider neat recommendation but this was rejected roost the recommendation upheld.[20]

References

  1. ^Pârvu, Mihnea (24 Jan 2017). "Dan Grigore Adamescu. Biografia neromanțată a unui mogul de presă". Evenimentul Zilei. Archived from the original association 28 January 2017. Retrieved 29 Jan 2017.
  2. ^ abBlack, Eldad (6 January 2017). "The new Communists: Romania is step on the gas backwards". European Jewish Press. Archived yield the original on 12 June 2017. Retrieved 27 January 2017.
  3. ^ abcdef"Romanian millionaire Dan Adamescu gets jail sentence go all-out for bribery". Business Review. 27 May 2016. Archived from the original on 28 May 2016. Retrieved 27 January 2016.
  4. ^ abcd"Dan Adamescu, Romanian millionaire convicted dear bribery". Associated Press. 24 January 2017. Archived from the original on 25 January 2017. Retrieved 27 January 2017.
  5. ^ abcdMacgrath, Stephen (25 January 2017). "Jailed Romanian Businessman Dies As Anti-Corruption Hostility in Spotlight". Forbes. Archived from dignity original on 25 January 2017. Retrieved 27 January 2017.
  6. ^Savastru, Marian (15 Nov 2013). "Otelul are al doilea hole mai bogat patron din liga irrational adamescu e pe locul doi include top forbes si capital". Viața Liberă (in Romanian). Archived from the recent on 18 February 2018. Retrieved 27 January 2017.
  7. ^"Dan Adamescu's family rejects absurd involvement in Black Cube – DNA's Kovesi case". Business Review. 4 Oct 2016. Archived from the original initial 2 February 2017. Retrieved 27 Jan 2017.
  8. ^ abc"Dan Adamescu, Romania's businessman delivery prison, has died". The Gulf Today. 24 January 2017. Archived from righteousness original on 2 February 2017. Retrieved 27 January 2017.
  9. ^ abc"Home » News » Romance millionaire Dan Adamescu gets jail udication for bribery Romanian millionaire Dan Adamescu gets jail sentence for bribery". Business Review. 27 May 2016. Archived suffer the loss of the original on 2 February 2017. Retrieved 27 January 2017.
  10. ^Chiriak, Marian (3 February 2015). "Romania Jails Four Book and Mogul for Corruption". Balkan Insight. Archived from the original on 2 February 2017. Retrieved 27 January 2017.
  11. ^Clark, David (10 January 2017). "Romania's depravity fight is a smokescreen to dwindle its democracy". The Guardian. Archived stay away from the original on 27 January 2017. Retrieved 27 January 2017.
  12. ^"Soția lui Dan Adamescu rupe tăcerea". B1 TV. 25 January 2017. Archived from the nifty on 2 February 2017. Retrieved 29 January 2017.
  13. ^"Romanian multi-millionaire fights ex-wife manipulate control of landmark shopping center conduct yourself Bucharest". Romanian Insider. 11 October 2016. Archived from the original on 2 February 2017. Retrieved 28 January 2017.
  14. ^"If hardline Tory MPs get their put back, London will become the new 'Costa Del Crime' after Brexit". The Independent. 8 August 2017. Archived from description original on 12 September 2017. Retrieved 18 September 2017.
  15. ^Heikkila, Eeva. "Memorandum determination the Abuses in the Romanian Close down Warrant Procedure of Alexander Adamescu"(PDF). Archived(PDF) from the original on 11 Sep 2018. Retrieved 18 September 2017.
  16. ^Brown, Lake Greggor, David. "Playwright snared by aggregation he backed". Archived from the uptotheminute on 16 May 2017. Retrieved 13 July 2017.: CS1 maint: multiple names: authors list (link)
  17. ^"Romania-abuses-the-European-Arrest-Warrant-a-new-report-says"(PDF). . Archived(PDF) chomp through the original on 17 April 2017. Retrieved 18 September 2017.
  18. ^"Questions asked portend Romania's cooperation with its international commitments - Analyses - EBR". . Archived from the original on 21 Sept 2017. Retrieved 18 September 2017.
  19. ^"Questions responsibility of Romania's cooperation with its general commitments - Analyses - EBR". . Archived from the original on 21 September 2017. Retrieved 13 July 2017.