The multinational suspended him … Paras Shah, 31, allegedly took items from Citigroup bank’s European headquarters in Canary Wharf, the Financial Times reported. 4. Citigroup hired Shah in 2017 and within months he was promoted to lead the high-yield credit trading business for Europe, the Middle East and Africa. He was Citi’s head of high-yield bond trading for Europe, Africa, and the Middle East since 2017, a job that entailed matching buyers and sellers of debt from risky borrowers, known as junk bonds. A high-flying banker who reportedly earned more than £1 million a year was suspended over an alleged sandwich theft from his office canteen. Want to bookmark your favourite articles and stories to read or reference later? View the profiles of people named Paras Shah. Paras Shah, a senior bond trader at Citigroup, reportedly left his post last month following the allegations. The 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. Citi. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. “The bank suspended Mr Shah after alleging he had stolen food from the canteen at its European headquarters in Canary Wharf, London, according to four people familiar with the matter. The 31-year-old was a high-flying trader and joined the bank in 2017. Shah declined to comment on the matter. View Paras Shah’s profile on LinkedIn, the world’s largest professional community. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. Mumbai. Paras Shah, 31, allegedly stole food from the canteen of Citi’s London headquarters in Canary Wharf and left his post unexpectedly last month. “Paras Shah abruptly left his post last month as Citi’s head of high-yield bond trading for Europe, the Middle East and Africa. Paras Shah, one of the bank’s highest-profile traders, left Citigroup last month over the issue, the person said, asking not to be named because the matter is private. Paras Shah, one of Citigroup’s most senior London-based bond traders, is reported to have left his post last month. Are you sure you want to mark this comment as inappropriate? In 2016, a London banker was fired from Japan’s Mizuho Bank after he was caught thieving a £5 part from his colleague’s bike. The most insightful comments on all subjects will be published daily in dedicated articles. Mr Paras Shah, head of high-yield credit trading for Europe, the Middle East and Africa left Citigroup last month over the issue, the person said, asking not to … According to the Financial Times, Shah would have likely received a seven-figure pay package as senior staff and was suspended weeks before bonuses were due to be paid out. 4. Paras Shah, 31, is said to have helped himself to sandwiches and snacks at his firm’s London HQ. You can find our Community Guidelines in full here. Paras Shah abruptly left his post last month as Citi’s head of high-yield bond trading for Europe, the Middle East and Africa. 31-year-old Paras Shah, a banker with Citigroup, was recently suspended from his 'high paying job' in the UK for stealing food, sandwiches to be specific, from his office's staff canteen. Paras Shah. Have a confidential tip for our reporters? The existing Open Comments threads will continue to exist for those who do not subscribe to Independent Premium. Jamnagar. Want an ad-free experience?Subscribe to Independent Premium. Jan 2014 - Dec 20152 years. Paras Shah, said to be earning £1m a year, is reportedly accused of taking sandwiches from Citigroup's canteen. Are you sure you want to delete this comment? Danielle Romero-Apsilos, a spokeswoman for the bank, declined to comment on the nature of the departure. You can also choose to be emailed when someone replies to your comment. Paras Shah, the head of Citigroup’s high-yield bond trading for Europe, the Middle East and Africa was suspended last month, according to a person familiar with the matter. A high-profile senior bond trader has been suspended after investment bank Citigroup accused him of pilfering food from the office canteen. Read our full mailing list consent terms here. His suspension was earlier reported by The Financial Times. Paras Shah, one of the bank’s highest-profile traders, left Citigroup last month over the issue, the person said, asking not to be named because the matter is private. Paras Shah, 31, allegedly stole food from the canteen of Citi’s London headquarters in Canary Wharf and left his post unexpectedly last month. Start your Independent Premium subscription today. Paras has 4 jobs listed on their profile. Before it's here, it's on the Bloomberg Terminal. Financial institutions in the UK have been known to austerely discipline executives who have engaged in any personal misconduct. See the complete profile on LinkedIn and discover Paras… Paras Shah’s senior staff position easily commands seven-figure salaries, Find your bookmarks in your Independent Premium section, under my profile. Citigroup trader 'suspended for stealing food from staff canteen'. Paras Shah, a senior bond trader in London’s financial district, has been suspended by Citigroup for allegedly stealing food from the office canteen at its European headquarters in Canary Wharf. The 31-year-old executive, Paras Shah, was suspended from Citigroup's head of high-yield bond trading for Europe, the Middle East and Africa last month after the allegation surfaced. A high-flying Citigroup trader has been suspended from the bank following accusations he stole from the staff canteen. An Indian origin, London based investment banker working with Citi Group was allegedly suspended for stealing food from the office canteen. Please be respectful when making a comment and adhere to our Community Guidelines. Join Facebook to connect with Paras Shah and others you may know. Paras Shah Vice President, Refinery Petrochemical Operations Management at Reliance Industries Limited. The Indian-origin banker named Paras Shah was head of Citigroup's high-yield bond trading for Europe, the Middle East, and Africa Paras Shah allegedly stole food from the office canteen of the company's European headquarters in Canary Wharf, London. Please continue to respect all commenters and create constructive debates. Paras Shah, 31, who is likely to have been earning a seven-figure salary, was removed as Citigroup’s head of high-yield bond trading for Europe, the Middle East and Africa last month. "He was a well-liked and successful trader," his two former colleagues were quoted as saying by the daily. Shah left his position last month as Citi’s head of high-yield bond trading for Europe, the Middle East, and Africa. Citigroup has suspended one of its most senior London-based bond trader after accusing him of stealing from the office canteen. Assistant Vice President. His suspension came weeks before Citigroup was due to pay bonuses to their senior staff. Paras Shah abruptly left his post last month as Citi’s head of high-yield bond trading for Europe, the Middle East and Africa. Paras Shah Vice President at Citi. A high-flying Citigroup trader has been suspended from the bank following accusations he stole from the staff canteen. Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. City banker suspended for stealing food from canteen, A man leaves the Deutsche Bank offices in London with his belongings in a Sainsbury's bag, A man leaves the Deutsche Bank offices in London with his belongings in a cardboard box, A woman leaves the US offices of Deutsche Bank, Staff members receive multiple boxes of pizza at the London offices of Deutsche Bank, Members of the press wait outside Deutsche bank as firings begin, Staff members look down on members of the press as they swarm outside the offices of Deutsche Bank in London, Deutsche Bank: Sacked staff clear out their belongings, {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{message}} {{/verifyErrors}}, City banker suspended for ‘stealing food from canteen’, Bank of England opted to wait for Bailey, Brexit and the Budget, You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. Norway Raises Concern Over Vaccine Jabs for the Elderly, Edmond de Rothschild Holding’s Chairman Dies at 57, Norway Warns of Vaccination Risks for Sick Patients Over 80, Inside Cyberpunk 2077's Disastrous Rollout, Los Angeles Covid Cases Top 1 Million as Outbreak Worsens. One banking source told Press Association a similar position to Shah's in other banks could command a salary of over £1 million a year. Shah didn’t respond to a request for comment sent through LinkedIn. Jonathan Burrows was labelled the “biggest fare dodger in history” by the media, and settled the case with Southeastern Railways for £43,000. Paras Shah, 31, who departed from Citi in January, was accused of theft at the regional headquarters and subsequently suspended weeks before the investment bank was set to award bonuses. Millionaire City trader Paras Shah, 31, has been suspended amid claims he stole canteen food. Citigroup Inc. suspended its head of high-yield credit trading for Europe, the Middle East and Africa after he allegedly stole from the company’s cafeteria, according to a person familiar with the matter. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. Shah was one of the highest-profile credit traders in Europe. Married banker Paras Shah, who is likely to have been earning a seven-figure salary, was removed as Citigroup's head of high-yield bond trading for Europe, the Middle East and Africa last month. Two years before that, a former managing director at the world’s largest asset manager, BlackRock Asset Management, was banned from taking on senior roles in the UK financial sector after he was found to have repeatedly dodged train fares for several years during his commute to the City. Paras Shah had joined Citigroup in 2017 after working for seven years with HSBC. 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