17 October 2016
Edward Grange comments on Sarao’s extradition appeal ruling in The Daily Mail, Press Association, Belfast Telegraph, the Mirror, Evening Express, Capital Bay, MSN UK, NYSE Post and Scarborough News
The ‘Hound of Hounslow’ trader accused of helping trigger a multi-billion-dollar Wall Street ‘flash crash’ is set to be extradited to the US after losing a High Court appeal.
Navinder Singh Sarao, 37, from west London, is wanted in America over allegations that he contributed to the £500bn crash in 2010 from his parents’ home, 3,500 miles away.
He could face a maximum jail sentence of 380 years if convicted of the 22 charges.
Leading extradition lawyer Edward Grange, a partner at Corker Binning, said: “Having had his renewed application for leave to appeal refused, Sarao has now exhausted all domestic avenues of appeal.”
Extradition “will ordinarily now take place within 28 days from today”, he added.
“It is, of course, open to Sarao to lodge an application to the European Court of Human Rights but his chances of obtaining interim relief preventing his extradition are remote.”