City
Epaper

Indian origin Citigroup banker earning seven figure salary suspended for stealing food

By Lokmat English Desk | Updated: February 5, 2020 14:32 IST

Investment bank Citigroup has suspended a senior banker for allegedly stealing sandwiches from the staff canteen. Paras Shah, 31 ...

Open in App

Investment bank Citigroup has suspended a senior banker for allegedly stealing sandwiches from the staff canteen. Paras Shah, 31 who earns a seven figure salary was removed as Citigroup's head of high -yield bond trading for Europe, the Middle East and Africa last month. The bank suspended him following a number of allegations that he had been stealing food from its headquarters in East London according to a report in Financial Times. It is still uncertain as to how many sandwiches have been robbed by Paras. The allegations come despite his role as one of Europe's highest profile creditors.

Shah's facebook page suggests that he enjoys lavish holidays leading a lavish lifestyle. Meanwhile, he is the second high profile banker to be sacked over personal misconduct. Japan's Mizuho Bank sacke a London banker in 2016 after he was caught stealing a part worth £5 from a colleague’s bike. In 2014, Jonathan Burrows, a former Black Rock executive was found to have repeatedly dodged paying train fares for his commute.  

Tags: CitigroupParas ShaheuropeMiddle East
Open in App

Related Stories

NationalIRCTC Launches International Tour Packages, Including Europe and Dubai, Under MOSD Tour Model

InternationalCyber Attack Halts Check-ins and Flight Boarding at European Airports, Including London’s Heathrow

InternationalTurkey: 2 Cops Killed After 16-Year-Old Opens Fire at Police Station in Izmir; Shooting Captured on Camera

InternationalRare Total Solar Eclipse to Darken Skies Over Europe, Africa & Middle East on August 2, 2027

MumbaiMumbai: Travel Agent Arrested for Duping Freelance Tour Managers of Rs 7.28 Lakh With Fake Job Promises to Europe and Dubai

कारोबार Realted Stories

BusinessPNGRB notifies new unified Natural Gas tariff structure, effective January 2026

BusinessNext phase of construction of Vizhinjam port to begin in January 2026: Kerala Minister

BusinessBhogapuram airport to be dedicated to nation in May 2026: Civil Aviation Minister Ram Mohan Naidu

BusinessLok Sabha passes bill to raise FDI in insurance sector to 100 pc, Sitharaman highlights thrust on strengthening regulatory oversight

BusinessWorkers’ welfare has always been a focal point of Govt's initiatives: Minister