Saitama Executive Loses UK Extradition Challenge in US Fraud Case

Manpreet Kohli is closer to being extradited from the UK to the US after a British judge rejected his challenge over fraud and market-manipulation charges tied to the Saitama cryptocurrency project.

Kohli, who led Saitama when its token reached a market value of about $7.5 billion, is accused by US prosecutors of secretly selling tokens while publicly claiming to hold and purchase them. Prosecutors allege Kohli made about $20 million from the sales.

Extradition Fight

Kohli lost his extradition challenge on Aug. 19 after Judge Samuel Goozee rejected his arguments and referred the case to British ministers, who will decide whether to order his extradition. Kohli can still appeal the ruling.

Related: Rajasthan Man Loses ₹17.71 Lakh in Crypto Scam: Can Victims Recover Money?

Kohli had argued that US custody would not provide adequate safeguards against suicide. Gooz…

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