Navinder Singh Sarao granted bail amid battle against extradition to US on charges of fraud and commodity manipulation

The British financial trader accused of contributing to a multibillion-dollar stock market crash is to be released after being granted bail.

Navinder Singh Sarao, 36, who was fighting extradition to the US on 22 counts of fraud and commodity manipulation, was granted bail at Westminster magistrates court on Friday morning. As a condition of his bail Sarao must remain within the bounds of the M25. The amount of his bail was reduced from £5m to £50,000.

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Source: The Guardian Circular Economy RSS