"Flash crash" trader, Navinder Singh Sarao granted bail

Navinder Singh Sarao (36), the trader from west London who is accused of contributing to the 2010 flash crash in has been granted bail after the US authorities withdrew their disapproval to release him. Sarao also revealed that £25.5 million are held in Swiss accounts.

Sarao was at Wandsworth prison since his arrest in April 2015. He now awaits a full extradition hearing in September for a trial in the United States.

After returning home in Hounslow, there will be rules that he will have to abide to, such as he is banned from using the internet for “fiscal transactions”. He will also need to report to the police while on bail.

On Friday 14^th August 2015, the court also heard that Navinder Singh Sarao has been diagnosed with severe Asperger's syndrome.

He will be facing extradition to the US on Department of Justice charges. If found guilty, he could be facing a maximum sentence of 380 years.

Navinder Singh Sarnao had previously denied any wrongdoing in court. He said, “I've not done anything wrong apart from being good at my job.”