Tags: IMF Leader | Assault

Ex-IMF Chief Gets Bail in Sex Assault Case

Thursday, 19 May 2011 04:16 PM

 

NEW YORK (AP) — A judge has agreed to free former International Monetary Fund leader Dominique Strauss-Kahn from a New York City jail on the condition that he remain under house arrest.

The judge set bail at $1 million, and approved an elaborate arrangement under which the 62-year-old diplomat and banker would be confined to a private apartment in Manhattan and monitored by armed guards.

Strauss-Kahn will also have to take out a $5 million insurance bond.

Prosecutors have said he should remain behind bars.

Strauss-Kahn resigned his IMF post late Wednesday.

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