CHICAGO - Amer Ahmad, the former Chicago comptroller who was indicted last week in an Ohio kickback scheme, served on the boards of all four of Chicago's pension funds, helping supervise the investment of billions of dollars in public funds, Mayor Rahm Emanuel's administration now confirms, Crain's Chicago Greg Hinz reports Monday.
As a result, City Hall says, a review of his work in Chicago now will be expanded to include his votes as a pension fund trustee from 2011 to 2013, with some form of "outside resources" being brought in to expedite the probe.
Ahmad was indicted for bribery, conspiracy to launder money and other charges as an Ohio deputy state treasurer. While Ahmad pleaded not guilty to the charges Monday, two of his associates pled guilty and are said to be willing to testify against Ahmad.
The Chicago Tribune reports that Mayor Rahm Emanuel was made aware of the questions concerning Ahmad's dealings back in 2011, despite the mayor's claims he knew nothing about them until Ahmad's resignation from his city job last month.