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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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'Flash Crash' trader loses High Court bid for bail

A court sketch of Sarao Credit: ITV News/Priscilla Coleman

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.

US prosecutors claim that he and his company, Nav Sarao Futures Limited, illegally made £26 million ($40 million) over five years.

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