Extradition of Deutsche Bank boss is ‘political witch hunt’

Investigators in South Korea are politically motivated in seeking the extradition of a former Deutsche Bank employee accused of a stock market scam which wiped almost £18 billion off share prices, a court heard. British national Derek Ong, 49, who lives with his family in Buckhurst Hill, Essex, allegedly created a false or misleading impression as to the market or value of relevant investments. Ong, former Managing Director and head of Archiving, Strategy and Governance at Deutsche Bank Hong Kong,…