Friday, February 7, 2020

High paid banker is suspended for his unethical practices

A high-profile Indian banker in London was suspended by Citigroup after he was accused of stealing food from the office canteen.

Paras Shah, who was apparently earning a handsome seven-digit salary (in British pounds), was suspended after he stole food from the canteen at Citibank's European headquarters in Canary Wharf, London. In Indian currency, Shah took home almost Rs 9.2 crore per year.

According to Financial Times, 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.

Shah was one of the highest-profile credit traders in Europe. "He was a well-liked and successful trader," his two former colleagues were quoted as saying by the daily. Paras Shah had joined Citigroup in 2017 after working for seven years with HSBC. His suspension came weeks before Citigroup was due to pay bonuses to their senior staff.There is no clarity on how many times Shah stole food from the canteen.Mr Shah is not the first leading City figure to have faced serious consequences because of alleged or proven petty dishonesty.

In 2014, BlackRock director Jonathan Paul Burrows was banned from working in the financial services industry after he was caught regularly avoiding buying a train ticket on his commute to London.

The Financial Conduct Authority (FCA) said he should have been a role model for others and his conduct had "fallen short of the standard expected for someone in his position".

Mr Shah's departure came weeks before the bank was due to pay annual bonuses to senior employees.

He joined Citigroup in 2017 after spending seven years at HSBC.

His job involved trading in junk bonds, which are issued by companies with low credit ratings or short track records as a means of raising cash.

Because there is a risk that the company that issued them will default and render them worthless, they have to offer a higher return on investment, which is why they are also known as high-yield bonds.

Should mercy killing be legalized?


Should mercy killing be legalized?

I Sparsh Sachdeva student of lovely professional university. I am privileged that i am sharing my views on the most controversial topic on religious and humanitarian ground.
Should mercy killing be legalized is the one of the most controversial topic in most of the part of the world. According to this law only patients who are in a state of unbearable, continuous and incurable suffering have given authority to request to die. Netherland become the first county in the world to legalize the mercy killing. This news attract the attention of vast majority of the world towards the enthanasia/Mercy killing. Although authority of Netherland have turned blind eye on mercy killing law. India constitution also not untouched by the controversy to legalize mercy killing or not and India yet have to decide whether to legalize the mercy killing or not. As mercy killing become one of the most famous topic in news on 9th of March 2018. When Aruna Shanbang case was filled in the Supreme Court of India arguing that “continued existence of Aruna Shanbang is in violation of her right to live in dignity”. As Aruna was hospitalized and on life support from 27 November 1973 after being raped by sohanlal Walmiki a sweeper. The Supreme Court rejected the plan of removing life support of Aruna but issued a complete set of guidelines which passively legalize passive Mercy killing/ enthanasia in India for first time. Although Aruna was died from pneumonia on 18th may 2015. Various religious group also denied this concept but on the other hand Some of the leaders like health minister of France who himself being a Dr. Supported the concept of mercy killing.

Thank you