A banker, who held dual Ukrainian and Romanian citizenship, fell from a window of an apartment in Milan and died

Friday, Jan 30, 2026

HVG

Former bank executive Alexander Adarics arrived in Milan, linked to offshore companies and past financial issues.

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[This is an automatically generated summary, for reference only]

Alexander Adarics, former CEO of Az UKrSibbank and previous owner of Fidobank, arrived in Milan on January 23rd with plans to leave that evening after meeting at an Airbnb apartment. Authorities found no personal belongings belonging to Adarics at the location, except for identification documents issued in various countries due to his Romanian and Ukrainian citizenship and ownership of several offshore companies, including those in Cyprus. Adarics began establishing offshore companies around the time relations between Russia and Ukraine became strained after the annexation of Crimea. He held leadership roles at PrivatBank and UkrSibbank between 2010 and 2020 and was an important figure in the Ukrainian banking sector as a Fidobank owner. Prior to the war, he had significant business interests and real estate in Odessa, Luxembourg, and Cyprus. Before the war began, investigations were launched against him concerning alleged embezzlement totaling 8 million euros, with Ukrainian investigators claiming he harmed several known Ukrainian businessmen in recent years. Adarics was identified by a Romanian passport found on his body. His family resides in Spain, and the businessman who died under unclear circumstances traveled to Milan from there. The text also mentions prior warnings from Romanian intelligence regarding potential sabotage targeting Ukrainian-Romanian joint ventures and an arrest of eight Ukrainian citizens linked to Russian intelligence for placing explosive devices at a Nova-Post subsidiary in Romania.

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