Indian-origin banker Paras Shah has been suspended by the company after stealing sandwiches from the office canteen. Paras Shah, 31, earns over 9 crores annually, having been removed as head of the Citigroup in Europe, the Middle East and Africa.
According to a media report, the bank suspended Paras after several allegations, one of which was stealing food from the office canteen.
However, it is not known when Paras stole how many sandwiches from the canteen or when the case of allegedly stealing food came to light.
As per media reports, Paras Shah is one of the biggest credit traders in Europe. According to an employee review website, Glassdoor, a credit trader’s salary in Europe is usually 183,740 pounds (about 1 crore rupees) or more, but Paras Shah’s salary was much higher because he was a senior official at Citibank Was employed in the post.
According to the Daily Mail report, a bank official said that officials in other banks get salaries up to 1 million pounds (about 9 crore rupees) in this position.
According to Paras Shah’s LinkedIn profile, he has experience in security, trading and risk management. He received his early education from the School of North London and graduated in Economics from the University of Bath in 2010.
Paras Shah then worked in the Fixed Income Trading Division at HSBC Bank for seven years. In 2017, he started working with Citigroup. Paras was made the head of high-yield credit training in Europe, West Asia and Africa just two months after joining Citigroup.
According to some associates of Paras, he was very successful in his job. Citigroup headquarters in New York declined to comment on the news.