An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street “flash crash”, has been granted UK government-funded legal aid to pay his legal team.
Westminster Magistrates Court in London was today informed that Navinder Singh Sarao had been prevented from paying his lawyers or meeting his bail conditions after US authorities imposed <g data-gr-id="14">a worldwide assets</g> freeze on him.
Legal aid, aimed at ensuring equal access to justice, is made available to people otherwise unable to afford legal representation.
The 36-year-old is fighting extradition to the US on 22 counts of fraud and commodity manipulation in the <g data-gr-id="12">multi-million pound</g> case.
He will remain in custody for at least another week and is scheduled to appear in the UK High Court on May 20 to fight his bail condition demanding 5 million pounds.