A Citigroup trader making more than $1 million a year has been suspended on allegations of stealing food from the company cafeteria.

Paras Shah, the head of high-yield bond trading for Europe, the Middle East, and Africa at Citigroup, was suspended last month after being accused of stealing food from the bank's cafeteria, the FT reports.

His suspension came weeks before Citi staff were due to be paid annual bonuses.

Shah came from a lucrative part of Citi's business. Revenue in fixed-income trading, a powerhouse in the bank's markets division, jumped 49% last quarter

It is unclear how many sandwiches Mr Shah is alleged to have stolen, or over what period the alleged thefts took place. The allegations come despite his role as one of Europe’s highest-profile credit traders.