Indian banker suspended for stealing food!?

In a bizarre incident reported recently, an Indian origin investment banker in London was suspended by his company - Citigroup after he was accused of stealing food from the office canteen! The investment banker Paras Shah, 31 years old, was head of Citigroup's high-yield bond trading for Europe, the Middle East, and Africa. Shah has allegedly stole food from the office canteen of the company's European headquarters in Canary Wharf, London following which he was suspended. Shah happened to be one of the highest-profile credit traders in Europe and earned a whopping seven-digit salary in British pounds. He bagged Rs 9.2 crore per year in Indian currency. According to the sources, multiple complaints of stealing food by him were reported before he was suspended. Paras Shah worked with HSBC for seven years before joining the Citigroup in 2017. His colleagues reported that he was well-liked and successful trader. However, there is no official clarity on how many times Shah has stolen food from the canteen and Shah has refused to answer any questions of the media. Citigroup too has declined to comment on this matter. The Financial Conduct Authority (FCA) said, “He should have been a role model for others and his conduct had fallen short of the standard expected for someone in his position".

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