"He obviously doesn't want to speak to anybody"
A top-earning London banker has been suspended for allegedly stealing food from the staff canteen.
Paras Shah, aged 31, was suspended from his role as head of high-yield bond trading for Europe, the Middle East and Africa at Citigroup.
There had been numerous allegations that he had been stealing food from its headquarters at Canary Wharf, London.
Mr Shah’s cousin Dinesh explained that he was worried about the trader.
He said: “The family have been trying to contact Paras but he’s not responding to our calls. We’re worried about him, that’s why I’ve come to his house.
“He obviously doesn’t want to speak to anybody about what’s happened.”
When Dinesh went to Mr Shah’s house in north London, the blinds were drawn although neighbours had reported seeing Mr Shah.
Dinesh explained: “We are all very upset about this. Paras comes from a very good family and this is not the kind of behaviour we expect.”
Dinesh went on to say that the banker’s favourite sandwich is cheese and pickle.
He added: “That’s what he enjoys the most – but he makes them at home.”
It is not known how much food was allegedly stolen by Mr Shah, or over what period the alleged thefts took place.
Another banker said:
“I can easily tell you there is nothing worth stealing there.”
The accusations come despite his role as one of Europe’s highest-profile credit traders.
According to the employee review website Glassdoor, the average salary for a credit trader is £183,740. However, Mr Shah is likely to have earned far more given his senior role at Citigroup.
As the role involves selling companies’ risky debt to investors, successful traders could earn more than £1 million.
Mr Shah’s suspension came weeks before senior staff at Citigroup were due to be paid their annual bonuses.
According to his LinkedIn profile, Mr Shah graduated from the University of Bath in 2010 with a degree in economics.
He went on to join HSBC’s fixed-income trading division and spent seven years with the bank before joining Citigroup in 2017.
Mr Shah’s profile shows he was promoted to head of Europe, the Middle East and Africa high-yield credit trading after just two months with Citigroup.
According to his Facebook page, Mr Shah enjoys exotic holidays. Posts show he has visited Petra in Jordan and Machu Picchu in Peru.
According to the Evening Standard, Mr Shah was previously reported to have left the bank after a difficult year.