Jimmy Savile's Multi-Million Dollar Estate is Frozen Amid Sexual Abuse Scandal (Report)

Jimmy Savile 1973 - P 2012
Hulton Archive

Jimmy Savile 1973 - P 2012

NatWest Bank, the administrators of the estate reported to be worth just under $7 million, said distribution of the late "Top of The Pops" presenter's cash is on hold as the scandal unfolds.

LONDON – The estate of the former Top of the Pops presenter and BBC TV and radio stalwart Jimmy Savile has been frozen by its administrators amid mounting sexual abuse claims from his victims.

NatWest Bank, which is acting as the Savile's will executor and trustee, told the British media, including the BBC, that the distribution of his assets had been brought to a halt because of the allegations.

His estate, according to press reports, is believed to be worth around £4.3 million ($6.9 millon).

NatWest said in a terse 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 a report in The Financial Times.

The newspaper said it had obtained a copy of the document, which instructed that £20,000 ($32,200) in cash was to be shared between 20 of the celebrity's friends, family and neighbors, with a further £600,000 ($966,000) to be put into a trust fund and the interest shared between eight people.?

The remainder – just under £3.7 million ($6 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 included the trustees of both his charities and existing and former employees of Leeds general infirmary and Broadmoor hospital, the newspaper said. Police are now investigating claims that the star, who died in October 2011, sexually assaulted individuals at both hospitals.

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.

Scotland Yard is also conducting a national investigation into the television and radio star's activities.

The police said they looking into about 300 possible victims of Savile's alleged sexual abuse.

The BBC has also launched an inquiry into the culture and practices at the corporation in the era of Savile's alleged sexual abuse.

And separately, the broadcaster is also holding an enquiry into the decision-making process that led flagship late night news show Newsnight to shelve an investigation into Savile's activities.