A UK trader accused of contributing to the 2010 “flash crash” in equity markets began a fight against extradition yesterday as US lawmakers pledged to probe a case which raises questions over the
fragility of markets and the strength of regulation.
Navinder Singh Sarao was granted bail of £5.05m in a London court as allegations that he played a role in triggering a dramatic plunge in equity prices revived anxiety in Washington over shortcomings in the workings of the world’s largest stock market.
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