Sarao Said to Seek Bail Again 3 Months After Flash-Crash Arrest
An artist courtroom sketch shows Navinder Singh Sarao, 36, as he stands in the dock during his second appearance at Westminster magistrates court, in London, U.K., on Wednesday, April 29, 2015.
Photographer: Priscilla Coleman/BloombergThis article is for subscribers only.
The British trader accused of contributing to the 2010 flash crash is making another attempt to reduce his 5 million-pound bail ($7.8 million) after spending the last three months in jail.
Navinder Singh Sarao’s appeal is set to go before a London court in August, according to a person with knowledge of the situation, who didn’t want to be identified because the hearing hasn’t been scheduled. His lawyers must prove Sarao doesn’t have access to any unknown assets that would make him a flight risk.