Murder Suspect Says He Didn't Kill Wife, but Disposed of the Body

A wealthy businessman says he was forced to get rid of his wife's body by her killer.
3:00 | 10/18/12

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Transcript for Murder Suspect Says He Didn't Kill Wife, but Disposed of the Body
businessman, arrested for murdering his wife in a multimillion-dollar mansion. Peter chadwick has come up with an alibi, claiming his wife was killed by another man, who forced him to get rid of the body. He's a prominent real estate investor, now accused of murdering his wife for financial gain. A crime ich he insists he is not guilty. But now, "the l.A. Times" reports, 48-year-old peter chadwick has given police a bizarre story, about what really happened last wednesday behind the walls of the sprawling multimillion-dollar mansion in newport beach, california. Chadwick is saying another man killed his wife, qui, seen in a facebook photo. Chadwick told investigators the real murderer forced him to load her body into his lexus and dispose of it near the u.S./Mexico border. It appears the relationship had been on the rocks for a period of time. There was a possible divorce in the offing. A lot of money involved with this relationship, as well as both families. Reporter: Police grew suspicious when qui chadwick never picked her kids up aed the bus op. When authorities went to the home, there were signs of a struggle. A scene so gruesome, they believed qui was dead. They have not recovered the body but arrested chadwick, four miles from the border, after he called san diego police. Mr. Chadwick was in his car for about 18 hours with the body. So, it could be anywhere in southern california right now. Reporter: California highway patrol officer was tailing chadwick's car south. And said no other passengers were in the car. His story doesn't add up. There's a lot of forensic evidence we recovered. There's a series of witnesses that have been interviewed. We're very confident when the facts come out in court, it's going to be very clear. Reporter: Chadwick's attorney won't comment. His client is currently being held on $1.5 million bail. For "good morning america," david wright, abc news, los angeles.

This transcript has been automatically generated and may not be 100% accurate.

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