UPDATE 5-Accused 'flash crash' trader granted bail, fights extradition to U.S.

April 22, 2015 7:51 PM

52 0

LONDON/CHICAGO, April 22 (Reuters) - A British trader accused by U.S. authorities of market manipulation that contributed to the May 2010 Wall Street "flash crash" was granted bail by a London court on Wednesday, after saying he opposed extradition to the United States for a trial.

Navinder Singh Sarao, 36, will remain jailed in London for at least one night after bail was set at 5 million pounds ($7.5 million), along with other conditions.

Also read: Toronto doctor charged with murdering his wife

Read more

To category page

Loading...