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.
The US government will oppose the release of a British trader accused of helping to trigger a stock market crash, prosecutor Aaron Watkins told a London court.
Navinder Singh Sarao, who faces 22 charges in the US state of Illinois, told Westminster Magistrates' Court he will contest the extradition request.
The concern is that if admitted to bail he will fail to surrender and the reason for that is that he faces a very long custodial sentence if convicted of one or more of these offences," Watkins, who represents the US government, said.
"He has committed these crimes over a period of time. It is said he was asked to desist from these activities by the US authorities but failed to do so, knowing it was wrong," the prosecutor added.
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