Sarao, who attended the hearing in a grey suit and pink shirt, was released on bail.
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A decision on whether London-based trader Navinder Sarao should be sent to the United States to stand trial over his alleged role in causing the 2010 Wall Street “flash crash” was delayed until next year in a British court on Friday. A new extradition hearing date was set for February 4 next year.
The court has been told that despite his modest lifestyle, he had funds of more than £30m, including £25.5m held in Switzerland and £5m in a USA escrow account.
He has previously told the court he had “not done anything wrong, apart from being good at my job”.
He is charged with 22 counts of fraud, manipulation and “spoofing” – the practice of bidding or offering for shares with the intention of cancelling before the transaction can be completed, thus artificially altering share prices.
A frsh warrant has been issued to take on the new allegations laid before a Grand Jury in the U.S. earlier his month.
Mr Summers added that the allegations relating to the six-month period were about emails between the defendant and a programmer, and not any illegal trading said to have taken place during that time. His mental health is fragile.
Mr Smith said that Mr Sarao’s case would be “irrevocably hamstrung” without Mr Lewis there to make the arguments against the extradition.
“Mr Sarao is understandably distressed”.
The hearing was put back after the court heard that Sarao’s barrister, James Lewis QC, had injured himself when leaving home on the morning before the court hearing.
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His lawyers are likely to argue against extradition on the grounds of his recently diagnosed severe Asperger’s Syndrome, a form of autism which often affects people with high intelligence and can lead to difficulty communicating and interacting with other people.
