Jail might be a bit ‘harsh’ in South Korea for banker

A former Deutsche Bank employee, accused of a scam which wiped almost £18 billion off share prices will face harsh jail conditions if extradited to South Korea, 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, and two others are…