Indian Banker Paras Shah (Photo Credit: Facebook)
Paras Shah, a high-profile Indian banker in London was suspended after he was accused of stealing food from the office canteen. According to the reports, Shah 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, 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 left his position last month as Citi’s head of high-yield bond trading for Europe, the Middle East, and Africa. Shah, a millionaire with an annual income of £1m a year including bonuses, deleted his Linkedin account post controversy.
Shah joined the Citigroup in 2017, after seven years of experience at HSBC.
Shah’s job entailed matching buyers and sellers of junk bonds — debt from companies judged to be riskier borrowers. Shah was suspended days before the company was due to pay bonuses to its senior employees and give an increment to them, reported the FT.