London Daily

Focus on the big picture.
Wednesday, Oct 28, 2026

UK bank accounts frozen over 'oligarch links'

UK bank accounts frozen over 'oligarch links'

A judge has frozen UK bank accounts operated by a British businessman amid allegations they are linked to one of Russia's most controversial oligarchs.

Accounts linked to Graham Bonham-Carter, second cousin of actress Helena, and part of the extended famous family, were put on hold on Friday.

National Crime Agency investigators believe the accounts were being used to help Oleg Deripaska avoid sanctions.

It is alleged Mr Bonham-Carter manages property on behalf of the oligarch.

Granting the order, Westminster Magistrates Court has given the National Crime Agency six months to investigate the accounts, in one of the first public court moves against an oligarch since the Ukraine crisis began.

Mr Bonham-Carter's lawyers have been contacted for comment. There is no suggestion anyone else in the Bonham-Carter family is being investigated by the NCA.

Who is Oleg Deripaska?
Mr Deripaska (left) pictured with President Putin in 2014


Oleg Deripaska is one of the richest men associated with President Putin - having made billions from his stake in Russia's aluminium industries.

He's been subjected to US sanctions since 2018 - but is not under any sanctions in the UK.

He first became widely known in the UK in 2008, when it emerged he had been involved in talks over a donation to the Conservative Party via George Osborne. The donation was never made - but the story triggered a huge row at the time about links between British politicians and Russia's elites.

Mr Bonham-Carter is described, on his Linkedin profile, as the director of a company that runs private homes and estates.

Andrew Chadwick, a National Crime Agency investigator, told Westminster Magistrates Court that it wanted to freeze five bank accounts associated with Mr Bonham-Carter, of Surrey, to allow Mr Chadwick to investigate suspected links to Oleg Deripaska.

"The application is in respect of account-freezing orders for several bank accounts, held by Graham Bonham-Carter, of Surrey," said Mr Chadwick.

"My investigation is that he is heavily linked with a well-known Russian oligarch, who is linked to various crimes and criminality and is currently subject to sanctions in the United States.

"My submission is that funds in accounts held by Mr Bonham-Carter may be for the use of, or from, criminal activity."

"Oleg Deripaska is a Russian national subject to sanctions since 2019," said Mr Chadwick.

The officer told the court the US Treasury alleges Mr Deripaska has been involved in money laundering, threatening rivals, wiretapping a government official, extortion, racketeering, ordering a murder and having links to Russian organised crime. Mr Deripaska has called the US allegations and sanctions absurd.

UK and US property links


The court heard that Mr Bonham-Carter had no criminal record and was not under investigation for taking part in organised crime.

He was said to be linked to Mr Deripaska through five properties - two in the United States and three in the UK, all of which are suspected to be ultimately held for the oligarch's benefit.

In London, Mr Chadwick said two properties, worth a combined £50m, were owned by a company based in the British Virgin Islands. That company benefited Mr Deripaska and the 'care-of' mailing address had been to Mr Bonham-Carter.

Hamstone House, near Weybridge in Surrey, is on the market for £18m


The third UK property is Hamstone House, a mansion near Weybridge, Surrey, currently on the market for £18m.

Mr Chadwick said that it was owned by Edenfield Investments and, according to public research, Mr Bonham-Carter's name had appeared on Land Registry documentation for the property when it was purchased. One of the aforementioned London properties had also been the forwarding address for mail to Hamstone House.

The two US properties, in New York and Washington, are owned by a company headed by Mr Bonham-Carter.

"Based on that information [about Mr Deripaska's apparent property] I have reasonable grounds to suspect that the accounts are being held for unlawful conduct," said Mr Chadwick.

"Mr Bonham-Carter has well-documented strong links to Mr Deripaska.

"The suspicion is that property held in the name of Mr Bonham-Carter, or companies that he is linked to, in fact belongs to Mr Deripaska - and the reason for the structure is to mask the true ultimate beneficial owner and to evade the sanctions."

District Judge Tan Ikran approved the National Crime Agency's freezing order for the next six months - allowing the agency time to investigate.

The accounts hold just over £100,000, but the NCA has established that nearly £800,000 has additionally flowed through them since November 2020.

Mr Bonham-Carter will have the chance to make representations to the court at a date to be fixed.

Newsletter

Related Articles

0:00
0:00
Close
Aberdeen City Council Co-Leader Faces Binding Vote Challenge as Local Councillors Launch High Court Legal Battle
Housebuilding Across Scotland Falls to Eleven-Year Low Despite Government Declarations of a Housing Emergency
Former Prime Minister Gordon Brown Organizes National Innovation Summit in Manchester to Boost Regional Competitiveness
UK Government Faces Mounting Criticism Over Lack of Environmental Consultation During Artificial Intelligence Datacentre Expansion Talks
Greggs Announces Closure of Four Major Manufacturing Facilities Across Britain Resulting in Seven Hundred Forty Job Losses
British Retail Consortium Warns That Cumulative Employment and Regulatory Costs Threaten High Street Price Stability
Lloyds Banking Group Chief Executive Charlie Nunn Warns That Increased Bank Taxes Could Deter Long-Term Economic Investment
Ipsos Polling Reveals Seven in Ten Britons Expect Personal Tax Increases Amid Deep Public Economic Pessimism
Chancellor John Healey Delivers First Autumn Budget in Parliament Amid Tight Fiscal Constraints and Slower Growth Forecasts
United Kingdom Finance Monthly Review Highlights Rising Long-Term Borrowing Costs and Persistent Energy Price Pressures Across British Markets
Royal Marines Pioneer Rapid Autonomous Drone Operations During Major High North Exercise Involving NATO Allies
House of Commons Justice Committee Urges Chancellor to Align Prison and Courts Reform Ambitions With Concrete Budgetary Resources
Government Investigates Rapid Artificial Intelligence Datacentre Expansion Strategy Following Scrutiny Over Power Grid Demands and Planning Backlogs
His Majesty's Inspectorate of Constabulary Warns Third-Party Supplier Breaches Threaten United Kingdom Police and Fire Service Data
Number of British Businesses in Financial Distress Reaches Highest Level in Two Decades Ahead of Fiscal Announcement
Chancellor John Healey Prepares Autumn Budget Amid Intense Market Scrutiny Over Fiscal Headroom and Spending Pressures
Education or Indoctrination? The Growing Debate Over Religious Participation in British Schools
Germany's Vanishing Shopfronts: The Silent Collapse of the Businesses That Built Its Cities
Northern Ireland Executive Reaches Agreement on Public Transport Modernization and Cross-Border Rail Infrastructure Funding
Department for Energy Security and Net Zero Approves New North Sea Carbon Capture and Storage Industrial Clusters
Office for National Statistics Reports Stabilization in Private Rental Growth Across Major English and Welsh Regional Cities
United Kingdom Automotive Manufacturing Output Rises Moderately as Electric Vehicle Assembly Lines Expand in the Midlands
Competition and Markets Authority Launches Formal Inquiry Into Cloud Computing Infrastructure and Artificial Intelligence Partnerships
Scottish Government Finalizes Emergency Budget Adjustments Following Multi-Year Public Sector Funding Shortfalls
National Health Service England Announces Major Emergency Care Overhaul to Alleviate Severe Winter Capacity Pressures
Chancellor Rachel Reeves Prepares Autumn Budget Amid Intensifying Scrutiny Over Public Spending and Fiscal Rules
Bank of England Signals Cautious Approach to Further Interest Rate Cuts as Persistent Wage Growth and Inflation Pressures Remain
Transport for London Unveils Expanded Zero-Emission Bus Fleet to Meet Capital Air Quality Targets
Higher Education Institutions Face Deepening Financial Strain Amid Declining International Student Enrolment
Automotive Industry Leaders Criticize Government Tax Policies and Urge Action on Retail Consumer Confidence
Environment Agency Issues Flood Alerts Across Scottish and English Waterways Following Heavy Rainfall
Independent Audit Highlights Persistent Security Vulnerabilities Across Legacy Government Digital Portals
Northern Ireland Political Leaders Clash Over Westminster Funding Allocations Ahead of Autumn Budget
Ethnic Minorities in England Face Significant Disparities in Routine Breast Cancer Diagnosis Rates
National Police Chiefs Report Alarming Surge in Domestic Abuse Cases Fuelled by Expanding Illegal Cocaine Market
Government Announces Two Hundred and Twenty Million Pound Pothole Funding Boost for Local Highway Authorities
China Issues Formal Warning Over Potential United Kingdom Restrictions on Chinese Electric Vehicles
British Defence Ministers Sign E5 Pact to Enhance European Military Capabilities and Industrial Cooperation Within NATO
United Kingdom Business Activity Expands at Fastest Pace in Eight Months According to S&P Global Flash Survey
Chancellor John Healey Prepares Major Devolution Package and Bank Profit Surcharge Ahead of Upcoming Autumn Budget
National Health Service Consultants in England Announce Two-Day Strike Action Scheduled for November
Major Clean-Up Under Way Across Britain Following Destruction Caused by Consecutive Storms Austen and Boelo
KEY TRENDS TO WATCH
Declassified Intelligence Files Reveal British Security Services Monitored National Health Service Founder
British Government Launches Sweeping Regulatory Crackdown on High-Risk Cosmetic Procedures
Scottish National Party Demands Ban on Using Scottish Revenues to Fund English Nuclear Energy Projects
Mayor of London Initiates Landmark Pedestrianisation of Oxford Street to Revitalise Global Retail Hub
British Judges Granted Expanded Legal Powers to Punish Convicted Killers Who Refuse to Attend Sentencing
United Kingdom Poised to Miss Reduced International Aid Spending Targets Ahead of Fiscal Review
Surging Cocaine Consumption Drives Record Drug Fatalities and Rising Crime Rates Across Britain
×