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Accused trader loses new bail bid

Navinder Singh Sarao, 36, the British financial trader accused of helping trigger a multibillion-dollar US stock market crash, has lost his High Court bid for bail while he fights extradition to America.

Today, Mr Justice Cranston, sitting in London, refused Mr Sarao's renewed application for bail, saying there was "a clear risk" of him taking flight.

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British 'Flash Crash' trader granted conditional bail

British trader Navinder Singh Sarao, accused of committing fraud during the 2010 "Flash Crash", has been granted conditional bail until May 26.

The US government hopes to extradite Navinder Singh Sarao. Credit: Reuters

Sarao, 36, must remain at his home in Hounslow, west London, and provide a security of £5.05 million.

He was told he must provide £5 million - the amount he has in his trading account - along with a security of £50,000 from his parents, which they would lose if he failed to answer bail without good cause.

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