NatWest has admitted to failing to prevent alleged money laundering connected to businesses run by bankrupt gold dealer James Stunt, The Daily Mail has reported.
The bank said “we deeply regret” failing to “adequately monitor and therefore prevent money laundering by one of our customers between 2012 and 2016”.
Following the reports, attention turned on James Stunt who is one of 13 people charged with the allegations and will face trial next year.
So, who is he and where is he now in 2021?
Who is James Stunt?
James Stunt is a businessman, entrepreneur and art collector.
The 39-year-old was born in Surrey and came from a normal childhood. His father worked in the publishing industry and his mother is a housewife.
As reported by The Daily Mail, he was a chairman of Stunt and Co, a jewelry business that faces allegations of money laundering.
The company was liquidated following a police raid in 2016 and its assets were seized by the police under the Proceeds of Crime Act.
As reported by Medium before, one of James’ friends has admitted that the art collector was regularly accompanied by 12 bodyguards, which was “necessary for such an important businessman”.
Where is he now?
As reported by The National News, James faces a court trial next year.
The businessman and 12 other people will face a 12-week trial next year at Leeds Crown Court following a long-running police operation.
After declaring bankrupt, his £11m luxury cottage in Belgravia was repossessed.
James was once a keen Instagram user but he no longer uses the social media account.
Who is his ex-wife?
James was married to Formula 1 heiress, fashion designer and socialite Petra Ecclestone.
She is the daughter of former model Slavica Radić and business magnate Bernie Ecclestone.
James and Petra tied the knot in 2011 and divorced in 2017. They have three children together.