FILE  Lady Lucan Dies Aged 80 15th November 1974:  Veronica Lucan, Countess of Lucan,  wife of the missing Earl, Lord Lucan  who disappeared following the murder of their nanny.  (Photo by Central Press/Getty Images)
In 1974, Veronica, Countess of Lucan, narrowly escaped being killed by her estranged husband, the 7th Earl of Lucan. The mystery of what happened on that November night defined her for the rest of hShow more

Wife of vanished British lord at heart of murder mystery found dead



She was at the heart of one of the greatest scandals to rock British high society and an enduring mystery which has fascinated the public for decades.

And with the death of Veronica Bingham, wife of the aristocrat Lord Lucan, the mystery is unlikely ever to be solved. Police on Wednesday said they had found the body of Lady Lucan  after forcing entry into a house in the upmarket London district of Belgravia. She was 80 and had not been seen for three days. Her death is being treated as "unexplained but not suspicious," a police spokesman said.

Lady Lucan was married to Richard Bingham, the dapper, mustachioed  7th Earl of Lucan and banker-turned-professional gambler whose nickname was "Lucky". He disappeared 43 years ago after his children's nanny was found murdered. Despite endless speculation and dozens of supposed sightings around the world over the years, what happened to Lucky Lucan  has remained a mystery ever since.

He had three children with Veronica but the marriage broke down in 1972 because of his gambling lifestyle and the debts he had accrued. Lucan moved out of the family home to another house nearby and a bitter custody battle for the children ensued. He tried to have his wife declared an unfit mother and employed private detectives to spy on her but ultimately, he had to  give in when he was forced to defend his own behaviour.

On November 7, 1974, his children's nanny, 29-year-old  Sandra Rivett was found bludgeoned to death in his house in central London. Lady Lucan was also attacked but managed to escape, covered in blood, to a nearby pub to raise the alarm. She later identified Lucan as her assailant, saying she had recognised his voice when the attacker told her to "shut up."

She also said he admitted to her that he had killed Sandra Rivett  Lady Lucan promised to help him escape but instead, managed to flee the house while Lucan was in the bathroom.

It was alleged that Lucan had mistaken the nanny for his estranged wife. A borrowed car Lucan was using was later found on the south English coast with bloodstains inside and a length of lead piping in the boot. But the earl, who was 39 at the time, was never seen again.

Over the years, there were reported sightings of him across the world, including in Australia, India, the Netherlands, Colombia and South Africa.  One of numerous theories about what became of Lucan, who would now be 82, was that he shot himself and was then fed to tigers at the zoo of his friend John Aspinall.  In 2000, Aspinall himself said Lucan had weighted himself down with a stone before throwing himself off the ferry crossing the English Channel and drowning himself.

The London High Court declared him dead in 1999 and last year a judge issued a death certificate allowing his son George Bingham to inherit his title.

But his relatives believe him to be dead. His son said last year, "My own personal view, and it was one I took I think as an eight-year-old boy, is he’s unfortunately been dead since that time (of his disappearance)."

Lady Lucan, the only witness to the events leading to the murder of Sandra Rivett, suffered from depression and  became estranged from her three children. But she too believed her husband had killed himself in the Channel  "like the nobleman he was."

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Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

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