Chicago's former comptroller Amer Ahmad, who resigned from the position last month, has been indicted in Ohio where he served as the state's deputy treasurer until he left the post in December 2010. Ahmad was indicted by a federal grand jury Thursday on eight counts involving bribery, wire fraud, conspiracy to launder money and making false statements.
According to the Columbus Dispatch, Ahmad allegedly participated in a kickback scheme while in office with two other co-conspirators “to personally enrich themselves, their friends and associates and their businesses, by using Ahmad’s position ... to secure lucrative state business" for a financial adviser in Canton, Ohio. In exchange for the state business, payments were allegedly directed to Ahmad, the co-conspirators and companies they owned, according to the indictment.
Ahmad reportedly received $123,623 in legal fees and $400,000 in loans to a company he partially owned as part of the kickback scheme. Ahmad allegedly allowed the financial adviser to carry out 360 security trades for the state, which reportedly brought in $3.2 million in revenue, reports the Columbus Dispatch.
In light of the indictment, Chicago Mayor Rahm Emanuel has called for an audit of Ahmad's work while he was the city's comptroller.
In a statement Thursday to the Chicago Sun-Times, the mayor's Communications Director Sarah Hamilton said, “We have no reason to believe and have no knowledge of any such wrongdoing during his tenure in Chicago.”
“But we will take any action that is needed — including conducting a review of Finance Department activities over the last two years — to ensure that Chicago taxpayers are protected,” Hamilton wrote.
Ahmad is expected to plead not guilty to the charges against him in U.S. District Court Monday, the Sun-Times reported.