Dominique Strauss-Kahn resigns as head of IMF

Strauss Kahn, who is facing charges of sexual assault and attempted rape, denied the allegations in his letter of resignation Dominique Strauss-Kahn has resigned as head of the International Monetary Fund, the IMF said in a statement, as prepares to faces charges of sexual assault and attempted rape. In his letter of resignation, released by the IMF and dated May 18, the former managing director said he denied the allegations against him and went on to say that it was with ‘infinite sadness’ that he presented the board with his resignation. “I think at this time first of my wife – whom I love more than anything – of my children, of my family, of my friends. I think also of my colleagues at the Fund; together we have accomplished such great things over the last three years and more. “To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me. “I want to protect this institution which I have served with honour and devotion, and especially – especially – I want to devote all my strength, all my time, and all my energy to proving my innocence.” Strauss-Kahn is to make a second application for bail on Thursday in New York with is his lawyers set to offer new bail terms including $1m in cash and to place their client under house arrest. He is currently being held in New York’s Rikers Island prison after being charged with the attempted rape of a hotel employee. A judge rejected his initial plea for bail agreeing with prosecutors that he was a flight risk. A grand jury has now been convened to assess whether Strauss-Khan will be indicted. Their decision will not be known until Friday. The decision to press for bail ahead of Friday’s decision suggests lawyers are urgently trying to free Strauss-Kahn from Rikers where he has been held since Monday. If he is released on bail, the deadline to secure an indictment would be extended. Dominique Strauss-Kahn IMF France United States Europe New York Lee Glendinning Dominic Rushe guardian.co.uk

Posted by on May 18, 2011. Filed under News, Politics, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.