(Bloomberg) -- 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.
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.
Danielle Romero-Apsilos, a spokeswoman for the bank, declined to comment on the nature of the departure. Shah didn't respond to a request for comment sent through LinkedIn.
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. His suspension was earlier reported by The Financial Times.
To contact the reporter on this story: Jenny Surane in New York at jsurane4@bloomberg.net
To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl, Pierre Paulden
©2020 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
