CHICAGO — A federal grand jury Thursday indicted former Ohio deputy treasurer Amer Ahmad — who left his latest position as Chicago comptroller just last month — on corruption charges that accuse him of orchestrating a kickback scheme involving state of Ohio investment business.

The indictment alleges that Ahmad used his influence as deputy state treasurer to steer investment business to a firm he had close personal ties with and which then funneled cash back to Ahmad and several alleged co-conspirators through "loans" and "fees."

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