Bank freezes Jimmy Savile's £4.3m estate in response to mounting sexual abuse claims

 

Jimmy Savile's estate has been frozen in response to the mounting sexual abuse claims against the late television and radio star.

NatWest Bank, which is acting as the Jim'll Fix It presenter's will executor and trustee, said the distribution of his assets had been put on hold because of the allegations. Savile's estate is reportedly worth £4.3 million.

NatWest said in a statement: "Given the claims raised, distribution of the estate has been put on hold."

Savile's will was written in 2006 and bequeaths his savings and other assets to 26 separate beneficiaries, according to the Financial Times (FT).

The newspaper said it had obtained a copy of the document, which instructs that £20,000 in cash was to be shared between 20 of the celebrity's friends, family and neighbours. It says a further £600,000 was to be put into a trust fund, with the interest shared between eight people.

The remainder - just under £3.7 million before expenses - was to be held by NatWest on behalf of the Jimmy Savile Charitable Trust, according to the FT.

Savile's intended individual beneficiaries include the trustees of both his charities and existing and former employees of Leeds General Infirmary and Broadmoor Hospital, the newspaper added.

Police are investigating claims that the star, who died in October last year, sexually assaulted individuals at both NHS sites.

A solicitor representing alleged victims of Savile said lawyers are also looking into the late presenter's overseas assets, thought to be administered from tax haven the Channel Islands.

Alan Collins from legal company Pannone welcomed NatWest's decision to freeze the estate and said: "This is good news for those victims of Savile who are taking legal action, as it means that they will be able to pursue claims against the estate.

"If NatWest had not put the estate on hold, it would have meant legal action against Savile's estate to prevent the assets from being distributed amongst the beneficiaries of his will."

He added: "Pannone are also actively pursuing inquiries into Savile's overseas assets, which we believe are being administered in Guernsey."

Savile's estate was previously put on hold in July after a woman claimed to be his illegitimate daughter, the FT said. It is believed the latest freeze may be in anticipation of legal claims for damages by Savile's alleged victims.

Savile's charities, the Leeds-based Jimmy Savile Charitable Trust and Jimmy Savile Stoke Mandeville Hospital Trust, have already announced they are to close after their trustees decided that keeping them open could be "damaging" to the causes they support.

Trustees of both organisations said they "could not see a future for either charity" because the organisations would "always be linked in the public's mind with the late Jimmy Savile".

Scotland Yard is leading a national investigation into the television and radio star's activities. He is now believed to have been one of the UK's most prolific abusers, with about 300 possible victims.

Detectives are following 400 lines of inquiry as part of the investigation while the BBC has launched an inquiry into the culture and practices at the corporation in the era of Savile's alleged sexual abuse. It is also looking at the decision-making process that saw a Newsnight investigation into Savile's activities shelved.

PA

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Personal Tax Senior

£28000 - £37000 per annum: Recruitment Genius: This is an opportunity to join ...

Recruitment Genius: Customer and Markets Development Executive

£22000 - £29000 per annum: Recruitment Genius: This company's mission is to ma...

Recruitment Genius: Guest Services Assistant

£13832 per annum: Recruitment Genius: This 5 star leisure destination on the w...

Recruitment Genius: Sales Account Manager

£20000 - £32000 per annum: Recruitment Genius: A Sales Account Manager is requ...

Day In a Page

A nap a day could save your life - and here's why

A nap a day could save your life

A midday nap is 'associated with reduced blood pressure'
If men are so obsessed by sex, why do they clam up when confronted with the grisly realities?

If men are so obsessed by sex...

...why do they clam up when confronted with the grisly realities?
The comedy titans of Avalon on their attempt to save BBC3

Jon Thoday and Richard Allen-Turner

The comedy titans of Avalon on their attempt to save BBC3
The bathing machine is back... but with a difference

Rolling in the deep

The bathing machine is back but with a difference
Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

Conservatives plot a motoring revolution

Draft report reveals biggest reform to regulations since driving test introduced in 1935
The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory