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. 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. Millionaire City trader Paras Shah, 31, has been suspended amid claims he stole canteen food. 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. 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 … Shah was one of the highest-profile credit traders in Europe. Paras Shah Vice President, Refinery Petrochemical Operations Management at Reliance Industries Limited. Have a confidential tip for our reporters? Citigroup has suspended one of its most senior London-based bond trader after accusing him of stealing from the office canteen. "He was a well-liked and successful trader," his two former colleagues were quoted as saying by the daily. Paras Shah, a senior bond trader at Citigroup, reportedly left his post last month following the allegations. 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. Paras Shah, said to be earning £1m a year, is reportedly accused of taking sandwiches from Citigroup's canteen. View Paras Shah’s profile on LinkedIn, the world’s largest professional community. A high-flying banker who reportedly earned more than £1 million a year was suspended over an alleged sandwich theft from his office canteen. 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, 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. Please be respectful when making a comment and adhere to our Community Guidelines. Start your Independent Premium subscription today. The most insightful comments on all subjects will be published daily in dedicated articles. 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. 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. Shah left his position last month as Citi’s head of high-yield bond trading for Europe, the Middle East, and Africa. Financial institutions in the UK have been known to austerely discipline executives who have engaged in any personal misconduct. 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. Jonathan Burrows was labelled the “biggest fare dodger in history” by the media, and settled the case with Southeastern Railways for £43,000. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. 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. 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. His suspension was earlier reported by The Financial Times. An Indian origin, London based investment banker working with Citi Group was allegedly suspended for stealing food from the office canteen. Want an ad-free experience?Subscribe to Independent Premium. Are you sure you want to delete this comment? 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. His suspension came weeks before Citigroup was due to pay bonuses to their senior staff. Jamnagar. Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. The multinational suspended him … 4. 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. Shah didn’t respond to a request for comment sent through LinkedIn. You can find our Community Guidelines in full here. Before it's here, it's on the Bloomberg Terminal. 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. Paras has 4 jobs listed on their profile. The 31-year-old was a high-flying trader and joined the bank in 2017. The existing Open Comments threads will continue to exist for those who do not subscribe to Independent Premium. Paras Shah. Paras Shah Vice President at Citi. See the complete profile on LinkedIn and discover Paras… 4. Want to bookmark your favourite articles and stories to read or reference later? Danielle Romero-Apsilos, a spokeswoman for the bank, declined to comment on the nature of the departure. 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. Please continue to respect all commenters and create constructive debates. View the profiles of people named Paras Shah. 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A high-profile senior bond trader has been suspended after investment bank Citigroup accused him of pilfering food from the office canteen. Paras Shah abruptly left his post last month as Citi’s head of high-yield bond trading for Europe, the Middle East and Africa. Citi. Paras Shah abruptly left his post last month as Citi’s head of high-yield bond trading for Europe, the Middle East and Africa. Join Facebook to connect with Paras Shah and others you may know. Shah declined to comment on the matter. Paras Shah had joined Citigroup in 2017 after working for seven years with HSBC. 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. Jan 2014 - Dec 20152 years. 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. Are you sure you want to mark this comment as inappropriate? “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. Paras Shah, 31, is said to have helped himself to sandwiches and snacks at his firm’s London HQ. A high-flying Citigroup trader has been suspended from the bank following accusations he stole from the staff canteen. Mumbai. 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. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. Paras Shah, 31, allegedly took items from Citigroup bank’s European headquarters in Canary Wharf, the Financial Times reported. “Paras Shah abruptly left his post last month as Citi’s head of high-yield bond trading for Europe, the Middle East and Africa. 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. A high-flying Citigroup trader has been suspended from the bank following accusations he stole from the staff canteen. Read our full mailing list consent terms here. Assistant Vice President. Paras Shah’s senior staff position easily commands seven-figure salaries, Find your bookmarks in your Independent Premium section, under my profile. Institutions in the UK have been known to austerely discipline executives who have engaged in any personal.... To delete this comment be emailed when someone replies to your comment here. 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