The entire bike smells. My guess its stolen. Who buys a Richard Sachs, even used that would do such atrocity? Or they're so piss poor after $pending for it, they then resort to butchery.
And a prior owner wouldn't do such. Just when you think to have seen it all, should also second guess why the OP would even openly question this online. Really? C'mon, even if were mysterious did he not finger his google for some basic knowledge about a Campagnolo derailleurs or the makers name on the bike? Morons.