|
Navinder Singh Sarao, 36, who traded from his
parents' modest home in west London, has been charged by the
U.S. Justice Department with wire fraud, commodities fraud and
market manipulation.
"I've not done anything wrong apart from being good at my job.
How is this allowed to go on, man?" Sarao said at Westminster
Magistrates' Court.
Two weeks ago, Sarao was granted bail pending a full extradition
hearing later this year provided he produced just over 5 million
pounds ($7.6 million) and met other conditions.
But his lawyer James Lewis said Sarao had not been able to
access the 5 million pounds because U.S. authorities had frozen
his assets.
"We cannot obtain any money. Any request to obtain the money was
refused," Lewis told the court.
He asked for the bail surety to be lowered to 50,000 pounds on
Wednesday but the application was rejected by District Judge
Elizabeth Roscoe, and Sarao remains in custody.
"I will not vary bail. I will leave it as it is," Roscoe told
Sarao and his legal team, who said they would consider an appeal
to London's High Court.
Sarao, dressed in a gray sweatshirt and gray tracksuit bottoms,
had sat calmly in the dock until he heard his bail conditions
would not be changed, and then spoke out to the court to plead
his innocence.
(Reporting by Sudip Kar-Gupta; writing by Michael Holden;
editing by Stephen Addison)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
