One of investment bank’s most high-profile traders accused of theft from office canteen
A top Citigroup bond trader has been suspended from the investment bank – for allegedly stealing food from the office canteen.
According to reports, Paras Shah, 31, is accused of helping himself to food without paying at the company's European headquarters in London's Canary Wharf.
He is said to have left his post as Citi's head of high-yield bond trading for Europe, the Middle East and Africa over the incident last month. Shah joined Citi just over two years ago from HSBC and his job involved trading junk bonds.
A banking source told the Press Association a similar position at other banks could command a salary of more than £1m (CAD$1.73 million) a year. Shah’s suspension comes weeks before senior staff at Citi were due to be paid bonuses.
Neither Citigroup or Shah have commented.
