High-profile Indian banker in London was suspended
A high-profile Indian banker in London was suspended by Citigroup after he was accused of stealing food from the office canteen.
Paras Shah, who was apparently earning a handsome seven-digit salary (in British pounds), was suspended after he stole food from the canteen at Citibank’s European headquarters in Canary Wharf, London. In Indian currency, Shah took home almost Rs 9.2 crore per year.
According to Financial Times, 31-year-old Shah abruptly left his post last month as Citi’s head of high-yield bond trading for Europe, the Middle East and Africa, after being accused of food theft.
Shah was one of the highest-profile credit traders in Europe. “He was a well-liked and successful trader,” his two former colleagues were quoted as saying by the daily. Paras Shah had joined Citigroup in 2017 after working for seven years with HSBC. His suspension came weeks before Citigroup was due to pay bonuses to their senior staff.
There is no clarity on how many times Shah stole food from the canteen.
Shah, when contacted by the media, directed all questions to Citigroup. The group, meanwhile, declined to comment on the matter.