Ed Ahmad could face more charges
– other suspects to be added to case
More charges are possible and more defendants are likely to be added the mortgage fraud case involving Guyana-born, Queens businessman Edul Ahmad.
At a status conference today in the court of Federal Judge Dora Irizarry, Counsel for the US Government, Alexander Solomon, informed that in approximately two months, more charges could be filed against Ahmad and other persons.
Solomon also said that his team is presently perusing over 50 boxes of materials containing mainly bank mortgage documents, including loan files, and it will take about two weeks for these to be copied and delivered to the defence team, as part of the discovery procedure.
Given the need for the defence, led by Steven Kartagener, to have time to study the documents, Judge Irizarry then set October 28th as the next court date for Ahmad.
Meanwhile, the Queens businessman is taking issue with what he sees as sensationalism in the media regarding the case.
Ahmad, a close friend of President Bharat Jagdeo was adamant that he was never “dragged or taken” off any aircraft as was carried in the press but did admit to being met at the John F. Kennedy International Airport in New York by law enforcement officials and arrested.
At the time of his arrest, Ahmad was heading to Guyana.
He believes that he will be fully vindicated at the end of these proceedings despite the charges he faces. These charges include one count of conspiracy to commit bank and wire fraud and 10 counts of bank fraud.
Ahmad is presently on US$2.5M bail and was also subjected to electronic monitoring.