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More than seven years after Stephen Port committed murder for the first time, an inquest has begun into the deaths of his four victims.

Port, 46, is one of just 60 prisoners in the UK serving a whole-life sentence, which means he will die behind bars.

Between June 2014 and September 2015, the former chef lured four young men to his flat in Barking, east London, plied them with drugs, raped and murdered them.

Police initially failed to make any connection between the deaths, with the Met forced to apologise to the victims’ families and several officers investigated for gross misconduct over alleged failings in trying to catch Port before he killed again.

The inquest is taking place just yards away from where he carried out his crimes.

It will last around 10 weeks and examine whether police missed opportunities to stop the serial killer sooner.

Here Sky News looks back at what we know:

Stephen Port

Stephen Port was found guilty of killing four young men
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Stephen Port is pictured during his trial. Pic: Met Police

Port, 46, was given a whole-life prison sentence on 25 November 2016.

In court, he denied all 22 charges against him, but was found guilty of the murders of Anthony Walgate, 23, Jack Taylor, 25, Daniel Whitworth, 21, and Gabriel Kovari, 22.

Port, also known as ‘The Grindr Killer’ for the way he scouted his victims, was also convicted of four rapes, four sexual assaults and 10 counts of administering a substance in relation to seven other men.

He was cleared of three other counts of rape.

Stephen Port found guilty of murdering four men
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Port wore a blond hairpiece to make himself appear younger

Port is behind bars at HMP Belmarsh in south London.

He was born in Southend, Essex in 1975, before his parents moved to Dagenham, east London.

His father worked as a cleaner for Barking and Dagenham Council and his mother worked at a supermarket checkout.

Port went to art school at 16, but his family were unable to afford his studies, so he changed direction and trained as a chef for two years instead. He came out as gay in his mid-twenties.

He worked in catering at various places in his local area and was working as a chef for Stagecoach at their bus depot in West Ham when he committed his crimes.

Stephen Port
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Port had lived in Barking since 2006

Port moved to his own flat in Cooke Street, Barking in 2006.

Men he had been in relationships with before the murders told police he regularly used the party drug GHB, which is often referred to as a ‘date rape’ drug.

Searches of his computer also revealed he regularly watched ‘drug rape’ pornography.

Previous partners told investigators he would regularly cheat on them, work as a male escort or act as their pimp.

He used dating sites to meet men who were younger than him.

At the age of 32, Port had a two-year relationship with a 16-year-old boy.

Anthony Walgate

Anthony Walgate

Anthony Walgate was 23 when he was found dead outside Stephen Port’s block of flats in the early hours of 19 June 2014.

He was studying fashion at Middlesex University and living in rented accommodation in Golders Green, 17 miles away from Barking, in north London.

Living away from his family home in Hull, he occasionally worked as an escort through a website called Sleepyboys to earn some extra money.

It was there he was contacted by Port, who offered him £800 for an overnight job.

Mr Walgate told a friend he had received an escort booking in Barking, but was not convinced it was genuine, so gave them the details “in case I get killed”.

He also told the friend he was going to take a pair of scissors with him should he need to defend himself.

Nobody heard anything from Mr Walgate until Port called an ambulance at 4.18am claiming: “There’s a young boy, looks like he’s collapsed outside… he could have had a seizure or something, or just drunk.”

When paramedics arrived along with the police they found Mr Walgate slumped against a wall outside Port’s apartment block in Cooke Street – dead.

 The entrance to Stephen Port's flat in Barking, east London
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The entrance to Stephen Port’s flat in Barking, east London

He had a black bag next to him with a bottle of liquid inside, but no mobile phone.

Port told police he had come back from a night shift at around 4am to find a man “lying in front of my door”.

He claimed to have tried to wake him up by slapping him in the face, but when that failed he called an ambulance and left him outside.

A week later, police discovered Mr Walgate had worked as an escort, and Port had accessed his profile and arranged to meet up with him.

They arrested him on 26 June on suspicion of perverting the course of justice after he lied about discovering him out of the blue.

Port changed his story, admitting he found Mr Walgate online and met up with him in the middle of the night at Barking station.

Stephen Port's flat in Barking, east London,
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Inside Port’s flat

He claimed his victim had taken drugs from a bottle and they had sex twice, but when Mr Walgate was about to leave, he had become very tired, so he stayed the night.

Port left for work before Mr Walgate woke up, he told detectives, and came back to find him still sleeping.

He claimed he got into bed with him but started to panic at around 3am when he realised he was “rigid”.

Port said he dragged him outside his flat for fear of people thinking he might have been responsible for his death.

He was bailed and it wasn’t until 15 January the following year that he was charged.

Pleading guilty at Snaresbrook Crown Court in February, he was sentenced to eight months in prison.

He only served four months and was released in June 2015.

Port was not investigated on suspicion of murdering Mr Walgate – as police had not searched his computer despite seizing it after his arrest.

Mr Walgate’s death was instead put down to a fatal GHB overdose after the drug was found in blood and urine samples.

Gabriel Kovari

Gabriel Kovari

Gabriel Kovari was Port’s second murder victim.

His body was found in the graveyard at St Margaret’s Church in Barking – 0.2 miles away from Port’s flat – on 28 August 2014.

At this point, Port was out on bail having been arrested on suspicion of perverting the course of justice over the lies he told police about Anthony Walgate’s death.

Mr Kovari, 22, was originally from Slovakia, but had been living in Spain with his boyfriend Thierry Amodio, before he decided to move to London in mid-2014.

Originally he lived with a man he met on a gay dating website in south London.

But he was keen to move and in August he said he had found a place to stay in Barking.

Mr Kovari moved into Port’s Cooke Street flat on 23 August.

A view of St Margaret's Church in Barking, east London, as alleged serial killer , Stephen Port 40, of Cooke Street, Barking in east London, has appeared in Barkingside Magistrates accused of drugging and murdering four young men he met on gay websites, and dumping their bodies in and around a churchyard in east London. PRESS ASSOCIATION Photo. Picture date: Monday October 19, 2015. The bodies of two of the men were found by a dog walker less than a month apart in the churchyard of St Margaret's Church in North Street in Barking, while another was found near the ruins of Barking Abbey. See PA story COURTS Poison. Photo credit should read: Nick Ansell/PA Wire
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Three of the victims were found in the graveyard at St Margaret’s Church, Barking

The 22-year-old had told friends Port seemed strange and that he was not attracted to him, but he was not going to charge him rent for staying on the sofa, so he was happy to live there.

But after meeting one of his Port’s neighbours the day after he moved in, Mr Kovari text him to say “Stephen is not a nice person”.

The neighbour texted Port to ask how Mr Kovari was doing, but he replied that he had “gone to stay with some soldier guy he had been chatting to online”.

On 27 August, Port rang his sister Sharon to say there was a dead body in his bedroom.

She told him to go to the police, but 24 hours later Mr Kovari’s body was found slumped against a wall in the graveyard near Port’s flat.

His midriff was exposed, as Mr Walgate’s had been. But Port was not questioned over Mr Kovari’s death.

Instead he found his boyfriend on Facebook and pretended to be a 21-year-old gay porn star from California called Jon Luck in order to get information about the police investigation.

Daniel Whitworth

Daniel Whitworth

Three weeks after she found Gabriel Kovari’s body in the Barking churchyard, on 20 September 2014 local dogwalker Barbara Denham found another in the same place.

It turned out to be Port’s third murder victim, 21-year-old Daniel Whitworth.

Mr Whitworth was in a relationship with his partner Ricky Waumsley and they lived together in Gravesend, Kent, having met on a gay dating site.

He was a chef and worked at up-market locations in London such as One Moorgate Place and Canary Warf.

Mr Whitworth was signed up to another dating site at the time called Fitlads and began talking to Port on there on 18 August.

They didn’t meet until a month later.

Items found in Stephen Port's flat in Barking, east London,
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Items found in Stephen Port’s flat

On 19 September when he failed to turn up for work, Mr Whitworth’s boyfriend reported him missing.

Port was later found to have deleted his Fitlads profile that day.

When Mr Whitworth’s body was found, it was accompanied by a fake suicide note, written by Port.

It said he had killed himself out of guilt because he had been taking GHB with Gabriel Kovari when he “didn’t notice while we was having sex that he stopped breathing”.

The note added: “BTW Please do not blame the guy I was with last night, we only had sex then I left, he knows nothing of what I have done.”

The fake note said he had overdosed on sleeping pills and GHB, which were both found in his system during post-mortem examinations.

Police appeared to believe the note and neither death was treated as suspicious. Their inquests recorded open verdicts.

Jack Taylor

Jack Taylor

Jack Taylor, 25, was a forklift truck driver from Dagenham, east London.

He was Port’s final victim. His body was found on 15 September 2015 – two months after Port had been released from prison for perverting the course of justice.

Mr Taylor lived at home with his parents and he had two sisters. He was not thought to be openly gay and had a number of girlfriends in the past.

Three days before he was found dead, he went out drinking at the Trading Club in Dagenham.

When he got back in the early hours of 13 September, his father was still awake and wished him goodnight.

But soon after that he had gone back out in a taxi after matching with Port on the app Grindr.

Phone records show Port had asked his victim if he had “ever taken T”, referring to crystal meth.

CCTV captured Port and Mr Taylor meeting at Barking station in the middle of the night.

Handout CCTV image  dated 13/9/2015 issued by Metropolitan Police of Stephen Port (right) with 25-year-old Jack Taylor on their way to alleged serial killer's one-bedroom flat in Cooke Street, Barking which was shown to a jury at the Old Bailey. PRESS ASSOCIATION Photo. Issue date: Wednesday October 19, 2016. Port has pleaded not guilty to 29 offences against a total of 12 men - including four murders, seven rapes, four sex assaults and administering a substance with intent. See PA story COURTS Poison. Photo credit should read: Metropolitan Police/PA Wire..NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
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CCTV images show Port walking through Barking with Jack Taylor before he died

They walked to Port’s flat, where police believe he died shortly after.

Before his body was found without a mobile phone – in similar circumstances to Anthony Walgate – Port deleted his Grindr account.

Mr Taylor was discovered in the same spot in the church graveyard as Gabriel Kovari and Daniel Whitworth, but police made no link and put the death down to a drug overdose.

His family refused to accept this story and pursed their own inquiries.

After putting pressure on police, detectives revealed they had CCTV of Mr Taylor in the hours before he died.

Eventually the Met issued one of the CCTV images, which showed him walking near Barking station with a tall man.

Although several members of the public called about the picture, it was a local police officer in Barking and Dagenham that recognised Port from previous inquiries.

Finally on 15 October 2015, Port was arrested on suspicion of causing the deaths of all four of his victims by administering poison.

Metropolitan Police handout screengrab image dated 15/10/2015 of the police interview of serial killer Stephen Port who was found guilty at the Old Bailey, London of murdering four young gay men to fulfil his depraved sexual fantasies. PRESS ASSOCIATION Photo. Issue date: Wednesday November 23, 2016. The 41-year-old chef stalked his victims on dating websites and plied them with drinks spiked with fatal amounts of drug GHB to rape them while they were unconscious. See PA story COURTS Poison. Photo credit should read: Metropolitan Police/PA Wire..NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
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Port is pictured during a police interview on 15 October 2015. Pic: Met Police

Other victims

After a four-day police interview, searches of his home, phone and laptop, Port was charged with four counts of murder on 18 October.

The charge was reported in the media, which caused eight other men to come forward with stories they had been drugged and raped by Port at his flat after finding him online.

All the men claimed to have had similar experiences.

They said Port had either spiked their drinks or injected them with drugs without them knowing.

A CCTV picture of Stephen Port arriving at a flat in Barking to buy drugs
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The killer is pictured on CCTV buying drugs at a flat in Barking in 2015

One man, a teenage student, told his trial he met Port on Grindr at the beginning of 2012.

The pair met at Barking station and went back to Cooke Street.

At Port’s flat, the man said he put on a film and offered him a glass of red wine.

He noticed it “tasted bitter” and there was “sludge at the bottom of the glass”.

This turned out to be GHB, which made the man fall asleep. He awoke to Port raping him.

The drugs were so strong, he fell unconscious again minutes later.

In the morning, he said Port acted like nothing had happened and was too scared to tell anyone about it.

A view of 62 Cooke Street, (ground floor flat), in Barking east London, believed to be the home of alleged serial killer Stephen Port 40, who has appeared at Barkingside Magistrates accused of drugging and murdering four young men he met on gay websites, and dumping their bodies in and around a churchyard in east London. PRESS ASSOCIATION Photo. Picture date: Monday October 19, 2015. The bodies of two of the men were found by a dog walker less than a month apart in the churchyard of St Margaret's Church in North Street in Barking, while another was found near the ruins of Barking Abbey. See PA story COURTS Poison. Photo credit should read: Nick Ansell/PA Wire
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The ground floor of Port’s flat in Cooke Street

Another man, this time a Muslim one in his twenties, said he met Port five times after they matched on the website Fitlads in mid-2014.

On the fifth meeting, Port offered him poppers, a legal party drug often used during sex.

The man did not drink alcohol or take drugs, so they caused him to fall asleep.

He claims Port offered him a glass of water when he woke up, which made him pass out again.

The man awoke to find he was not wearing underwear and began shouting and screaming.

Port took him to Barking station where the man was still in visible distress.

British Transport Police on duty at the station called an ambulance, which made Port fearful he’d be caught.

But the man was too scared to report the incident to police, as his parents were not aware of his sexuality.

Sarah Sak (second right), mother of Anthony Walgate arriving at Barking Town Hall, London, for the long-awaited inquests into the deaths of the victims of Stephen Port. Picture date: Tuesday October 5, 2021.
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Sarah Sak (second right), mother of Anthony Walgate arrives at his inquest on 5 October 2021

Police failings

There have been allegations of multiple police failings to catch Port before he committed further crimes.

And LGBTQ rights organisations have accused the Met of failing to investigate his victims’ deaths because of their sexuality.

Swearing in jurors for their inquests at Barking town hall on 5 October, Sarah Munro, assistant coroner for east London, said: “The trial did not answer the important question of whether the deaths of Anthony Walgate, Gabriel Kovari, Daniel Whitworth and Jack Taylor might have been prevented.

“If there appear to have been shortcomings in the way in which the police investigated these deaths, we must consider those shortcomings dispassionately and resist the temptation to look for scapegoats.”

The Met were forced to apologise to the families of the four men following Port’s trial.

Laptop found in Stephen Port's flat in Barking, east London
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A laptop found in Stephen Port’s flat

As the inquest opened, Commander Jon Savell, head of profession for investigations, said: “Our thoughts are firstly with the family and friends of those murdered by Stephen Port.

“We are offering every assistance to the coroner and welcome a full examination of all the facts surrounding the tragic deaths of these four young men.

“At the time of Port’s conviction, we apologised to the victims’ families and Daniel Whitworth’s partner for how we initially responded to the deaths, and I would like to apologise again.

“Since Port’s offences came to light we have worked hard within the Met to improve both our processes and our wider knowledge across the organisation of a range of issues associated with the murders.”

The families have launched civil action against the force and 17 officers are being investigated by the Independent Office for Police Conduct (IOPC) over alleged misconduct.

After Port’s sentencing, the Met said it was re-investigating 58 unexplained deaths that involved date rape drugs.

A spokesperson added: “Work since Port’s offences came to light includes adopting an MPS-wide written protocol for minimum standards of investigation for unexplained deaths.

“There has been extra training for our officers on how drugs can be used as a weapon by offenders to facilitate rape and sexual assault, as well as on issues that impact on the confidence of our LGBT+ communities.”

Read more on Stephen Port:

Inquests into deaths of serial killer’s four victims set to go ahead

Inquests will look at whether police ‘missed opportunities’ to stop him sooner

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Christian B: Freed Madeleine McCann suspect pleads ‘give me back my life’ as he tries to confront prosecutor

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Christian B: Freed Madeleine McCann suspect pleads 'give me back my life' as he tries to confront prosecutor

The freed suspect in the Madeleine McCann case has spoken publicly for the first time since his release – but refused to discuss the mystery of the missing British toddler.

In an exclusive Sky News interview, he hit out after trying to confront the prosecutor who has accused him of abducting and murdering Madeleine.

Christian B, who cannot be fully identified under German privacy laws, travelled more than a hundred miles from a secret address to prosecutor Hans Christian Wolters’ office, but was stopped from going in.

The suspect said: “I want them to stop this witch-hunt against me and give me back my life.

“I’m not feeling free. I have this ankle tag and I’m followed around by police 24/7, so I’m not feeling free.”

Christian B tried to speak to lawyer and prosecutor Hans Christian Wolters
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Christian B tried to speak to lawyer and prosecutor Hans Christian Wolters

Mr Wolters has stated publicly that he has evidence, which he has not revealed, to show Christian B abducted and killed Madeleine, who vanished from her bed during a Portuguese holiday in 2007.

But he said he doesn’t have enough evidence to arrest or charge him.

The suspect, who was released from a rape sentence two weeks ago, said: “The prosecutor refused to meet me, but I told his representative I wanted his help to get my life back.

“I’m being hounded by the media and it’s his fault. I want him to take responsibility.

“I was told there was nothing they could do to help. They said I had been convicted and released and I wasn’t their responsibility.”

As he spoke, the electronic tag that has monitored his movements since his release was clearly visible above his right ankle. He has also had to surrender his passport and report regularly to probation staff.

Madeleine vanished during a Portuguese holiday in 2007. File pic: PA
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Madeleine vanished during a Portuguese holiday in 2007. File pic: PA

The suspect has not been arrested, charged or even questioned by German authorities about the Madeleine case. He’s also refused to talk to Scotland Yard and Portuguese police, who are also involved in the investigation.

Asked directly if he had abducted and killed Madeleine McCann, he said: “My defence lawyers have told me to say nothing on this topic and unfortunately I have to abide by that.”

Christian B, 49, was driven from jail by his lawyer, Friedrich Fulscher, on 17 September and, since then, has lived in local authority accommodation in the town of Neumunster, north of Hamburg.

Journalists quickly tracked him down and exposed his new address, prompting anger in the community from people worried about his convictions for child sex crimes.

Pic: Markus Hibbeler/Bild
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Pic: Markus Hibbeler/Bild

Christian B pictured on the day of his release earlier this month. Pic: Markus Hibbeler/Bild
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Christian B pictured on the day of his release earlier this month. Pic: Markus Hibbeler/Bild

Local councillor Karin Mundt, of the hard-right populist movement Heimat Neumunster (Homeland Neumunster), took to Facebook to warn locals to be vigilant, not go out alone, and make sure that their children and elderly were safe.

She also called for a public protest under the slogan ‘Christian B out of Neumunster – tougher measures against child abusers and rapists to protect all citizens!’

Germany operates draconian privacy laws, whereby even the media must get the consent of someone they photograph, or disguise their features.

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Madeleine McCann suspect released from jail

Yet the group even decided to publish photos of Christian B, arguing that the danger he presents meant he was a public person of interest, and that they had to make sure that elderly people were able to recognise him.

Two separate chat groups were set up, one dedicated to campaigning for Christian B to be booted out of Neumunster, the other to discuss alleged sightings of him.

‘Out for a steak’

Some claimed that Christian B had turned up near schools and that the police were called round, though other people said they worked at these schools, and that no police had been there.

A woman at Domino’s pizza claimed he had turned up in a false beard, yet just days later her colleague said she had seen the pictures and she was unsure that it was Christian B.

Throughout all this, a source close to Christian B’s defence claimed he had not been out at all apart from to sort out his phone, and also once for a steak.

On Wednesday, one chat even discussed gathering at the town hall in the evening, and police vans then turned up to try to prevent this.

The language of the chat became ever bolder – with people openly posting addresses they were convinced he was living at – and, at one point, all people with English-sounding surnames were ejected from the group as people suspected they were journalists.

Another search near Praia De Luz, Portugal, drew a blank in June. Pic: PA
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Another search near Praia De Luz, Portugal, drew a blank in June. Pic: PA

Read more from Sky News:
What we know about Christian B
Christian B celebrates release with burger and cigarette
Sky News tracks down woman at centre of hit-and-run theory

Police moved Christian B out of Neumunster, and reports say he’s since been spotted at a hotel in an unnamed town.

In a recent interview with Germany’s Stern magazine, Christian B’s main lawyer, Dr Fulscher, said: “The Braunschweig public prosecutor’s office has fuelled this media campaign of prejudgement.

“It has told the public that it is certain it has the right person. Without presenting sufficient evidence or even allowing my client to inspect the files.

“I find this highly questionable from a constitutional point of view. In my opinion, the Braunschweig public prosecutor’s office has made rehabilitation impossible.”

Prosecutor Mr Wolters told Sky News he’d been tipped off about the suspect’s visit to his office in Braunschweig, near Hanover, and refused to speak to him.

Christian B denies any involvement in Madeleine’s disappearance.

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Almost two in three Labour members back Burnham over Starmer for leader, poll shows

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Almost two in three Labour members back Burnham over Starmer for leader, poll shows

Andy Burnham would beat Sir Keir Starmer among Labour members by two to one if there were a leadership contest today, an exclusive poll for Sky News reveals.

A poll of 704 Labour members taken a week ago by YouGov found that 62% would back Mr Burnham, and 29% would back Sir Keir. Just 9% don’t know or would not vote.

Mr Burnham has claimed some Labour MPs are asking him to stand for the leadership, and has used this conference to set out his stall, though there is not an obvious route for him to return to Parliament.

Tap here for the latest from Labour Party conference

If returned to the Commons, he would have to resign as Manchester Metro Mayor, with a Reform UK replacement in prime position to win the mayoralty.

The poll reveals that around a third of Labour members polled no longer think that Sir Keir is a good prime minister, and would rather he did not fight the next election. Some 33% say he is doing a bad job, compared with 63% who think he is doing a good job.

Even more – 37% – say Sir Keir should not take the party into the next election, while 53% say he should and 10% don’t know. People are more likely to say that Labour is doing a good job than Sir Keir.

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The mayor of Greater Manchester gives no comment to Sky News as he walks to a fringe meeting at the Labour conference in Liverpool.

Mr Burnham is the favourite to succeed him by a long distance – the top pick of 54% of members.

Next is Angela Rayner, the now-sacked deputy leader (10%), then Health Secretary Wes Streeting on 7%. Ex-leader, now energy secretary, Ed Miliband and foreign secretary Yvette Cooper are on 6%, and new home secretary Shabana Mahmood is on 2%.

Mr Burnham comfortably beats all in a final round of voting, according to the poll.

In the event that Mr Burnham was unable to stand, YouGov polled a number of head-to-head races. Wes Streeting beats Shabana Mahmood and Ed Miliband, but would lose to Angela Rayner and Yvette Cooper. Ms Mahmood would lose to Mr Miliband and Ms Cooper. And Ms Cooper would beat Mr Miliband.

The poll also examined attitudes to the deputy leadership contest.

The poll found 35% would back Lucy Powell and 28% would back Bridget Phillipson, while 30% do not know and 5% will not vote. Excluding ‘don’t know’, this suggests Ms Powell is ahead of Ms Phillipson with 56% to 44% – a closer margin than some other pollsters.

Broadly, members who back Ms Powell are less likely to support Sir Keir.

The poll makes tough reading for Angela Rayner – 60% said she was right to resign, against 34% who said it was the wrong decision.

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Yadi Zhang: Woman pleads guilty to money laundering over £5bn Bitcoin seizure

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Yadi Zhang: Woman pleads guilty to money laundering over £5bn Bitcoin seizure

A woman has pleaded guilty to money laundering offences over the UK’s biggest-ever cryptocurrency seizure of Bitcoin, currently worth more than £5bn.

Chinese national Yadi Zhang, 47, who is also known as Zhimin Qian, was arrested in April last year after spending years on the run.

She first arrived in the UK on a false St Kitts and Nevis passport in September 2017 after allegedly carrying out a £5bn investment scam in China involving 130,000 investors in fraudulent wealth schemes between 2014 and 2017.

Police first raided her £5m six-bedroom rented house near Hampstead Heath, in north London, on 31 October 2018.

Zhang rented a £5m house in Hampstead. Pic: CPS
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Zhang rented a £5m house in Hampstead. Pic: CPS

But it was another two and a half years before investigators discovered more than 61,000 Bitcoin in digital wallets – one of the biggest ever cryptocurrency seizures in the world.

The cryptocurrency was worth £1.4bn at the time but its value has now risen to more than £5bn and the fortune is at the centre of an intense battle between the UK government and Chinese investors over who gets to keep it.

Bundles of cash found in a police search. Pic: CPS
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Bundles of cash found in a police search. Pic: CPS

The seized assets have reportedly been earmarked by Chancellor Rachel Reeves to help plug the hole in the public finances.

More on Bitcoin

Zhang was due to face trial at Southwark Crown Court but has pleaded guilty to charges of possessing criminal property and transferring criminal property on or before 23 April 2024.

She appeared in the dock wearing glasses and a beige cardigan over an animal print blouse, nodding to confirm her identity before entering her pleas with the help of a mandarin interpreter.

Judge Sally-Ann Hales remanded Zhang in custody ahead of sentencing at a later date.

Prosecutor Gillian Jones KC said she would not apply to launch confiscation proceedings because of the ongoing proceedings in the High Court.

Jian Wen. Pic: CPS
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Jian Wen. Pic: CPS

Jian Wen, 43, was last year jailed for six years and eight months after being found guilty of one count of money laundering between October 2017 and January 2022 relating to 150 Bitcoin, now worth around £12.5m.

Her trial heard Wen was not involved in the alleged fraud but was said to have acted as a “front person” to help disguise the source of the money, some of which had been used to buy cryptocurrency and smuggled out of China on laptops.

Will Lyne, the Metropolitan Police’s head of economic and cybercrime command, said Zhang’s guilty pleas marked the culmination of “years of dedicated investigation”.

“This is one of the largest money laundering cases in UK history and among the highest-value cryptocurrency cases globally,” he said.

Zhang’s solicitor, Roger Sahota of Berkeley Square Solicitors, said: “By pleading guilty today, Ms Zhang hopes to bring some comfort to investors who have waited since 2017 for compensation, and to reassure them that the significant rise in cryptocurrency values means there are more than sufficient funds available to repay their losses.”

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