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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 trader's extradition hearing to take place in August

A full extradition hearing in the case of a British trader accused of fraud in relation to the US "Flash Crash" of five years ago will take place in August, a judge has said.

The Hounslow address given at Westminster Magistrates' Court for the trader. Credit: Neil Lancefield/PA Wire

"This has come as a bolt from the blue for Mr Sarao," Navinder Singh Sarao's lawyer Joel Smith told the court.

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