Banker with Blago and Rezko ties quits

Earlier this month Amrish Mahajan resigned as president of Mutual Bank of Harvey, Illinois, an important financial institution for the Indian community of the Chicago area.

Mahajan raised over $500,000 for ousted Illinois Governor Rod Blagojevich campaign fund. His wife Anita worked with Patti Blagojevich, Illinois' former first lady, on several real estate deals. Anita is awaiting trial for allegedly over billing the Department Of Children & Family Services for drug-screenings.

Mutual Bank once held the mortgage to the "Rezko lot" adjacent to Barack Obama's South Side mansion. Jailed-felon Tony Rezko advised Obama during the process of purchasing that home. Rita Rezko, Tony's wife, purchased the strip of land on the same day the Obamas closed on their stately house.

The Chicago Tribune is reporting that a Mahajan family attorney says Amrish's departure from Mutual has nothing to do with the continuing Blago investigations.

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