A London Banker Was Fired for ‘Stealing’ a Bike Part Worth $6.50. So He Sued
- Marius Caracota says episode was convenient way to remove him
- Mizuho Bank denies his allegations in London tribunal case
Pedestrians walk in front of Mizuho Bank Ltd.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
A former Mizuho Bank Ltd. executive -- who was fired for taking a part from a bicycle in the company storage shed -- is suing the bank, saying it used the episode as a “convenient way” to get rid of him after he complained about bullying and potential regulatory breaches.
Marius Caracota, who worked as a relationship manager for the Japanese bank in London, admits taking a chain guard from a colleague’s bicycle in November 2016, an incident that was captured on CCTV footage. But he says he only took the part, worth about five pounds ($6.55), because he was convinced it was his own.