Rakesh Bhayani, 41, of Chamberlayne Avenue, is accused of stabbing Carole Waugh to death

A Wembley man accused of killing wealthy oil executive Carole Waugh admitted today attempting to dispose of her body.

Rakesh Bhayani, 41, of Chamberlayne Avenue, and Nicholas Kutner, 48, deny murdering Miss Waugh, 50, who disappeared from her home in Marylebone, central London, last year.

Miss Waugh, originally from Durham, was reported missing by her family on May 7 and had not been seen since mid-April.

Her body was found stabbed inside a car in a lock-up garage in Lime Court, New Malden, on August 2.

Bhayani pleaded guilty at the Old Bailey to perverting the course of justice by concealing the death of Carole Waugh, attempting to dispose of her body and removing potential evidence related to her death.

He and Kutner also admitted conspiring to defraud Miss Waugh after withdrawing cash from her bank accounts and taking out loans and using credit cards in her name.

Kutner, who denies perverting the course of justice, admitted a further three charges of fraud after pretending to be Miss Waugh’s brother Christopher to charge rent for her flat.

The pair are due to stand trial for murder in October.

Five others pleaded not guilty to charges including possession of criminal property and conspiracy to defraud.