The Hounslow-based trader, Navinder Singh Sarao who was accused of causing the 2010 Wall Street “Flash Street” in 2010 still remains in custody. Although he was granted bail, he is still to post the £5m surety in order to be granted bail and therefore, still remains locked up.
Sarao will now face another hearing, as well as a review of the extradition proceedings on 26th May 2015.
Furthermore, he was scheduled to face the full hearing of his possible extradition on August. However, the hearing has been rescheduled for 24th September, as the barristers representing the US authorities were not able to make it for the date scheduled in August.
The US Department of Justice aim to extradite Sarao, to be tried on 22 charges of wire fraud, commodities fraud and market manipulation.
