Police searching for missing oil executive Carole Waugh have discovered a body in a south London lock-up garage.
Formal identification has yet to take place but her family, including her brother Chris who lives in Penrith, have been warned to expect the worst. A post mortem will take place later today.
Ms Waugh, 50, has not been seen since Mid-April. Fears for her safety grew after a man posing as her brother tried to sell her London home.
Earlier this week a 47 year old man was arrested on suspicion of kidnap and conspiracy to defraud. He is now being held on suspicion of murder.
He remains in custody at a south London police station. A warrant for further detention was granted at Croydon Magistrates' Court yesterday, Scotland Yard said.
Ms Waugh, of Harrowby Street, central London, was reported missing by her family on May 7.
The last reported sighting of her was in central London three days earlier.
– Detective Chief Inspector John McFarlane
Information has been received which has progressed this inquiry and we are now treating Carole's disappearance as a murder investigation.
I am unable to go into further detail about the nature of the new information at this time. However, we now believe that Carole has not been seen alive since April 16.
Since that time, significant plundering of her estate has taken place to the value of hundreds of thousands of pounds.
In addition to a number of fraudulent transactions associated with Carole's bank account, there are also a number of her personal possessions that currently cannot be located."
The items are a Cartier ring, a white gold bracelet, a yellow gold bracelet and a yellow gold necklace, which are all in the same style. The missing jewellery has yet to be found.