Sarao Loses Bail Appeal as Judge Says He Is a ‘Flight Risk’
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Navinder Singh Sarao lost a bid to secure bail while he fights extradition to the U.S. on market-manipulation charges as a judge said the 36-year-old trader was a clear flight risk.
Judge Ross Cranston refused to remove or reduce the 5 million-pound ($7.8 million) bail amount at a hearing in London Wednesday unless Sarao can prove he does not have access to undisclosed offshore funds holding his trading profits.