Here’s the one I was looking for:
www.latimes.com/news/nationworld/nation/chi-govamrish070314,0,5099502,full.story - 57k -
Uncle Amrish’ helped raise $500,000 for Blagojevich
By John Chase and David Kidwell, Tribune staff reporters
March 14, 2007
A Chicago banker whose wife is accused of bilking millions from a no-bid state contract has helped raise more than a half million dollars for Gov. Rod Blagojevich’s campaigns since 2001.
Amrish Mahajan was a driving force behind his wife’s drug-screening company, now facing questions about how it kept its long-standing state contract despite troubles with taxes, licensing and years of alleged fraud.A review of records and dozens of interviews reveal the company was built on Mahajan’s deep Chicago political connections and its government business grew along with his reputation as a power broker in the city’s Indian community.
He has been neither charged nor implicated in the fraud case.
Mahajan, 60, the president of Mutual Bank, is courted by city and state politicians as a man who can deliver support and money.
He is referred to as “Uncle Amrish” by the businessmen who line the predominantly Indian corridor along Devon Avenue, by his bank customers, and even by one of the governor’s children.
Mahajan’s ties to Blagojevich run deep—including hiring the Democratic governor’s wife last year as a real estate agent on $5.7 million in private land deals.
Here’s an interesting tidbit that is repeated several place on the net:
Nadhmi Auchi owns General Mediterranean Holding, a Luxemburg-based conglomerate with ... Mutual Bank, Anita and Amrish Mahajan, the Daley gang ...
See above posts for the relationship to Blag and Obama
Curtain Time for Barack Obama - Part IV (Excerpts)
Rezko schemes to hide assets from creditors
The second Rezko indictment involves Ali Ata (left) and the Illinois Finance Authority, and alleges fraud in financial transactions with the General Electric Capital Corp in connection with the sale of a string of Papa John pizza restaurants in Illinois, Wisconsin and Michigan.
The indictment and plea agreement provide a preview for the scheme hatched to conceal Rezko’s assets from creditors through Obama’s secret Land Trust.
When announcing the arrests, U.S. District Attorney Patrick Fitzgerald stated: “The new indictment is part of Operation Board Games, an ongoing federal public corruption investigation of insider-dealing, influence-peddling and kickbacks involving private interests and public duties related to various state boards and non-profit organizations.”
Co-schemer Abdelhamid Chaib (right), is the former the director of Rezko Concessions. lllinois Gov. Rod Blagojevich appointed Chaib’s wife to a position with the Department of Employment Security Review Board.
An exhibit presented to the jury shows Chaib contributed $10,000 to Blagojevich. Records show Obama received $5,000 from Chaib on June 30, 2003, the same day that Ata donated $5,000.
This indictment alleges that Rezko fraudulently caused General Electric Capital Corporation (GE), to extend more than $10 million in loans to finance what Rezko portrayed as sales of two different groups of Papa John’s pizza restaurants in the Chicago and Milwaukee areas.
The indictment says Rezko and his co-schemers fraudulently obtained a $4.5 million loan from GE in March 2001 to finance the purchase of the Milwaukee pizza stores by a straw purchaser, and his company, at an inflated price, and by the submission of fraudulent documents, including false financial statements about the condition of the stores.
The government alleges that they made similar fraudulent representations to obtain another $6 million loan in October 2001, in connection with Rezko’s sale of the Chicago area pizza restaurants from Rezko Enterprises to his own company, Chicago PJ.
After closing on the loan for the Chicago stores, the loan became delinquent, and Rezko caused additional false financial information to be submitted to GE in asking for forebearance on the default, according to the indictment.
In addition to defrauding GE, prosecutors allege that Rezko defrauded investors by concealing that he was transferring the company’s assets to himself and a straw purchaser.
The Van Jones - ShoreBank Connection?
National Review Online ^ | May 23, 2010 | Greg Pollowitz/IBD
FROM:
http://www.freerepublic.com/focus/news/2519620/posts?page=3
Stephen wrote about the politically connected, and failing, ShoreBank on Wednesday. Investor’s Business Daily also covered the topic in an editorial yesterday:
Scandal: Sometimes banks are too small to fail, such as when they are in the president’s hometown, deal with the president’s friends and serve the president’s agenda. Or should we perhaps say too connected to fail?
ShoreBank’s Web site boasts: “Van Jones saves at ShoreBank so his money fights for green jobs just like he does.”
It proudly notes, “According to former Vice President Al Gore, ‘Van Jones demonstrates conclusively that the best solutions for the survivability of our planet are also the best solutions for everyday Americans.’ “
(Excerpt) Read more at nationalreview.com ...
Faith-Based Banking
ShoreBank is an innovator in providing banking services to faith-based organizations. Faith-based organizations are often anchors in urban neighborhoods, providing gathering places, programs and services for the community, thus building greater community stability and strength.
ShoreBank provides capital for faith-based organizations to renovate buildings, create programs such as day care and financial literacy, or add complementary businesses such as book stores. ShoreBank provides services for their congregants as well, including socially responsible deposit opportunities and money management classes. ShoreBank has also created partnerships with faith-based organizations to link congregation members with jobs, skills training and support services.
Loans to Faith-Based & Nonprofit Organizations
ShoreBank
ShoreBank, a full-service Illinois-chartered bank with branches in Chicago, Cleveland and Detroit, focuses on banking services for individuals, real estate and small business owners, and faith-based and nonprofit organizations.
more...
ShoreBank Cleveland
ShoreBank Cleveland provides loans to businesses, faith-based and nonprofit organizations, and real estate developers.
more...
ShoreBank Pacific
ShoreBank Pacific is a Washington-chartered bank that provides deposits, loans and consulting services to help businesses grow and become more environmentally sustainable.
more...
Savings, Checking, CD & IRA Accounts
ShoreBank
ShoreBank, a full-service Illinois-chartered bank with branches in Chicago, Cleveland and Detroit, focuses on banking services for individuals, real estate and small business owners, and faith-based and nonprofit organizations.
more...
ShoreBank Cleveland
ShoreBank Cleveland provides loans to businesses, faith-based and nonprofit organizations, and real estate developers.
more...
ShoreBank Pacific
ShoreBank Pacific is a Washington-chartered bank that provides deposits, loans and consulting services to help businesses grow and become more environmentally sustainable.
more...
FDIC NOTICE:
ShoreBank is participating in the FDIC’s Transaction Account Guarantee Program. Under the program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. General FDIC coverage for deposit accounts has also been increased to $250,000 per depositor through December 31, 2013.
11 posted on Sunday, May 23, 2010 6:12:31 PM by STARWISE