Raghuveer Nayak is a Chicago businessman who has been named by an unidentified source as a donor for the $1 million price Rod Blagojevich is alleged to have offered for President-elect Barack Obama's vacant Senate seat. The source went on to tell The Chicago Tribune that Nayak and Blagojevich aide Rajinder Bedi told attendees at an October 31 meeting that they needed to raise money for the appointment of Rep. Jesse Jackson Jr.The Associated Press: Report: Jackson backers sought cash for Ill. gov. (December 12, 2008)
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Gov. Rod Blagojevich set the price tag for Obama's vacant seat in the Senate at $1 millionThe Associated Press: Report: Jackson backers sought cash for Ill. gov. (December 12, 2008)
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Sources told the Chicago Tribune that the meeting was held for the purpose of raising the moneyThe Associated Press: Report: Jackson backers sought cash for Ill. gov. (December 12, 2008)
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Court documents revealed that Blagojevich was considering giving the seat to a politician identified as "Candidate 5" because emissaries for the candidate raised upwards of $1.5 million for the appointmentThe Chicago Tribune: Nayak held Jackson fundraising luncheon Saturday (December 12, 2008)
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