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'Flash crash' trader begins fight against extradition to US
Source: The Guardian
'Flash crash' trader begins fight against extradition to US
Briton Navinder Sarao is accused of manipulating stock markets in 2010 by
placing fake sell orders
David Hellier
Thursday 4 February 2016 06.00 GMT
The British trader accused of playing a major role in the 2010 Wall Street “flash crash”, Navinder Sarao, will attempt to fight extradition to the US in a two-day hearing at Westminster magistrates court.
The hearing, beginning on Thursday, is taking place four months later than originally planned. It was previously postponed after an injury to one of Sarao’s legal team, James Lewis QC of Three Raymond Buildings, and after the prosecution, the US Department of Justice and the commodity futures trading commission added to the allegations against the former trader.
Sarao’s legal team, minus Lewis, argued their client was disappointed and distressed by the new extradition request. He denies the charges.
Lewis, according to his colleagues, is back for this week’s hearing. He is an extradition specialist of whom the law journal Chambers states: “He has both defended and prosecuted in extradition proceedings all the way up to the supreme court.”
[font size=1]-snip-[/font]
Briton Navinder Sarao is accused of manipulating stock markets in 2010 by
placing fake sell orders
David Hellier
Thursday 4 February 2016 06.00 GMT
The British trader accused of playing a major role in the 2010 Wall Street “flash crash”, Navinder Sarao, will attempt to fight extradition to the US in a two-day hearing at Westminster magistrates court.
The hearing, beginning on Thursday, is taking place four months later than originally planned. It was previously postponed after an injury to one of Sarao’s legal team, James Lewis QC of Three Raymond Buildings, and after the prosecution, the US Department of Justice and the commodity futures trading commission added to the allegations against the former trader.
Sarao’s legal team, minus Lewis, argued their client was disappointed and distressed by the new extradition request. He denies the charges.
Lewis, according to his colleagues, is back for this week’s hearing. He is an extradition specialist of whom the law journal Chambers states: “He has both defended and prosecuted in extradition proceedings all the way up to the supreme court.”
[font size=1]-snip-[/font]
Read more: http://www.theguardian.com/business/2016/feb/04/flash-crash-trader-navinder-sarao-fight-extradition-us
