Alleged flash trader stuck in forbidding Dickensian prison

Oliver Twist

Navinder Singh Sarao will never rank among the most notorious inmates of HM Prison Wandsworth.

Bloomberg News reports that William Joyce betrayed Britain to the Nazis. Ronnie Kray ruled the ganglands of the East End. Bruce Reynolds masterminded the Great Train Robbery.

Today Nav Sarao sits in a 10-foot-by-six-foot cell at Wandsworth, considered one of the worst prisons in Britain, accused of an altogether different sort of crime: helping to wipe more than $1tril off financial markets five years ago.

At 'Wanno,' a forbidding Dickensian fortress south of the River Thames, time moves to the same monotonous rhythm: the jangle of guards’ keys at 6:30 a.m.; yard exercise at 8 a.m.; dinner at 4:30 p.m.; lockdown by 8 p.m.

Until one morning in late April, virtually no one in the great investment houses of the City had ever heard of Sarao. But then Scotland Yard arrived in Hounslow, on the western fringes of London. What happened next stunned everyone.

To access the complete Bloomberg News article hit the link below:

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