Updated 11/06/10 – 1:23 p.m.

CHICAGO (CBS) — A prominent businessman who figured in the corruption trial of former Governor Rod Blagojevich is free on bond following arrest on a retail theft charge.

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Cook County Criminal Court Judge James Brown freed Rajinder Bedi, 58, on a $10,000 personal recognizance bond Saturday afternoon.

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Prosecutors said he allegedly attempted to shoplift $166 worth of merchandise from a Home Depot at 6211 N. Lincoln Av. on Friday.

Bedi is a former newspaper editor who also was the state’s international trade director till he resigned under pressure last year.

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He testified during the Blagojevich trial that he was present when U.S. Rep. Jesse Jackson Jr. and a supporter discussed fundraising and the congressman’s interest in the Senate seat vacated by President Obama.