Wembley man appears in court accused of murdering wealthy businesswoman Carole Waugh

Rakesh Bhayani and Nicholas Kutner are accused of stabbing 50-year-old to death

A Wembley man accused of murdering a wealthy former oil executive and raiding her bank account has appeared in court.

Rakesh Bhayani, 40, of Chamberlayne Avenue, has been charged, alongside Nicholas Kutner, 47, of no fixed address, of stabbing the milionairess Carole Waugh to death between April and August this year, and plundering hundreds of thousands of pounds from her bank account.

During the brief hearing at the Old Bailey yesterday (Tues), Bhayani and Kutner spoke only to confirm their names, and are expected to enter pleas at their next court date in February next year.

Miss Waugh, 50, who was originally from Durham but living in Marylebone had worked in the oil industry in Libya, was was reported missing in May.

Her body was discovered in the boot of a Volkswagen Golf at a lock up garage in New Malden, South London, in August. Bhayani and Kutner are also accused of applying for an American Express card and a First Direct Account in Ms Waugh’s name, as well as a bridging loan on her central London flat.

Kutner is said to have carried out three further frauds by posing as Ms Waugh’s brother Christopher in an attempt to let and sell her two bedroom flat in Harrowby Street, Marylebone.

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Four women have also been arrested in connection with the fraud and have been bailed until December 12.

Bhayani and Kutner have both been remanded in custody.