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Former IMF Chief Indicted, Granted Bail

   VOA News  May 19, 2011
   An NYPD prisoner movement slip for former IMF chief Dominique
   Strauss-Kahn

Photo: Reuters

   An NYPD prisoner movement slip for former IMF chief Dominique
   Strauss-Kahn

   The former head of the International Monetary Fund, Dominique
   Strauss-Kahn, has been granted bail pending his trial on charges he
   sexually assaulted and attempted to rape a maid in a New York hotel.
   The 62-year-old Strauss-Kahn could be released from Rikers Island jail
   as soon as Friday, but only under the condition that he put up $1
   million bail and another $5 million bond secured by a family home. He
   must also submit to electronic monitoring and be watched by an armed
   guard. The former IMF head previously surrendered his passport to U.S.
   authorities.
   The conditions are intended to guarantee that Strauss-Kahn will appear
   in court for the trial. He could face a long prison sentence if
   convicted. Prosecutors opposed bail, arguing that Strauss-Kahn has the
   wealth and connections needed to leave the United States.
   Strauss-Kahn resigned his IMF post late Wednesday. Strauss-Kahn
   strongly denies the charges, for which he was indicted Thursday. An
   arraignment hearing is set for June 6.
   Strauss-Kahn is a former French finance minister, and had been expected
   to declare his candidacy for the French presidency soon. News accounts
   before his arrest said he had a chance to oust current President
   Nicolas Sarkozy.

   Some information for this report was provided by AP, AFP, Bloomberg and
   Reuters.

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