One day before the proceeds arrived from the sale of Oledo Petroleum’s share in Vik Oil, a Ukrainian petrochemicals company, Mr Adamovsky terminated shareholder Andriy Malitskiy’s powers over their joint bank account.
The British Virgin Islands (BVI) court noted that Mr Adamovsky then shifted the $71.6m fee, only half of which was legally his, to Stockman Interhold SA, his other BVI corporation, without the knowledge of his co-owners.
In his closing remarks, the judge said Mr Adamovsky was “selfish”, adding that he “had no right to expropriate the property of others for his own advantage”.
Mr Kenney, a Canadian lawyer who specialises in prosecuting large-scale fraudsters, said it was “unconscionable” that a proven thief could still represent the WJC.
He said: “It’s shocking to me that a reputable organisation like the WJC would make such an appointment.”
A WJC representative said: "Mr. Adamovsky is a member of the WJC Executive by
virtue of having been being elected co-chairman of the Vaad of Ukraine, which
under the WJC Constitution automatically makes him an ex-officio member of the
WJC Executive Committee. Mr Adamovsky’s civil litigation over a commercial dispute is totally unrelated to the World Jewish Congress or the Jewish community of Ukraine. It began and ended well before he became a member of the WJC Executive Committee in March 2015.
"Mr. Adamovsky, like all other ex-officio vice-presidents of the WJC, only speaks on behalf the WJC when explicitly mandated to do so by the WJC president or the CEO."
