|Born||Dan Grigore Adamescu|
20 September 1948
Râmnicu Vâlcea, Romania
|Died||24 January 2017 (aged 68)|
Dan Grigore Adamescu (20 September 1948 – 24 January 2017) was a Romanian businessman who was the founder of The Nova Group, and was the second richest Romanian in 2013. In 2016, he was sentenced to four years and four months in jail for bribing judges at his companies' insolvency trials. Adamescu was of Jewish origin, and held Romanian and German citizenships.
Born in Vaideeni, Vâlcea County, Adamescu entered business in 1971, after graduating from the Bucharest Academy of Economic Studies. He spent eleven years working in Germany, and returned to Romania in 1989. He made his wealth in the early 1990s, when Romania was moving from communism to capitalism. Adamescu was critical of the Romanian Government's anti-corruption policies.
In 2013, Forbes estimated Adamescu's net worth at $900 million, making him the second richest Romanian, after Ioan Niculae. At the time, he was the majority shareholder of The Nova Group, which owned companies including România Liberă, Astra Insurance, ASC Oțelul Galați, and the Unirea Shopping Center. In 2015, Forbes Romania estimated his net worth to be €550,000. In October 2016, Alexander Adamescu, Dan's son, denied that his father had affiliations with Black Cube. HotNews.ro had claimed Adamescu was a client of Black Cube. In the same month, Ademescu's ex-wife attempted to sue him for ownership of the Unirea Shopping Center.
Arrest and trial
In 2013, Adamescu's company Astra Insurance went bankrupt; his family blamed the Romanian state for causing the bankruptcy. During the bankruptcy trial, Adamescu was alleged to have bribed judges €20,000. In May 2014, Victor Ponta predicted that Adamescu would be arrested for corruption. Adamescu was arrested a few weeks afterwards. In the same year, one of the judges was arrested, after which Adamescu's lawyer allegedly committed suicide by throwing himself under a train. In March 2016, Adamescu was charged with causing $191 million of damages to Astra Insurance. In May 2016, he was sentenced to four years and four months in jail for corruption.
Illness and death
Dan Grigore Adamescu
|Dan Grigore Adamescu|
Râmnicu Vâlcea, România
|Decedat|| (68 de ani)|
Dan Grigore Adamescu (n. , Râmnicu Vâlcea, România – d. , București, România) a fost un controversat om de afaceri român. A deținut companiile Astra Asigurări, AXA Life Insurance, Unirea Shopping Center, Medien Holding (trustul care deține ziarul România Liberă) și FC Oțelul Galați prin intermediul companiei The Nova Group. De asemenea, a deținut acțiuni la Baumeister (construcții), Mega Construct (energie), City Business Center, Modern Business Center (imobiliare), Rex, InterContinental și Pullman (industria hotelieră) și MegaVision (retail electrocasnice).
Tatăl său a fost procuror militar.