Dominique Strauss-Kahn resigns, released from jail
Updated: May 20, 2011 - 05:33 pm
Dominique Strauss-Kahn, the former head of the IMF who has been jailed on sex assault charges, has been released from jail.
The 62-year-old Strauss-Kahn has been behind bars since Saturday after he was accused of trying to rape a hotel maid. He has denied breaking any laws.
The judge agreed to free him on bail — provided he's confined to a New York apartment, under armed guard and electronic monitoring.
Authorities have not said where Strauss-Kahn would be detained once he left jail, but police and media thronged around a luxury residential hotel on Manhattan's Upper East Side. Dozens of news crews set up metal barricades outside the high-rise on East 65th Street.
The Department of Correction said in a statement Friday that it will manage Strauss-Kahn's release following the posting of bail and all required paperwork.
Strauss-Kahn also resigned as managing director of the IMF, the powerful organization that makes emergency loans to countries in financial crisis.
In his resignation letter, he denied the allegations against him but said he would quit in order to "protect this institution which I have served with honor and devotion" and to "devote all my strength, all my time and all my energy to proving my innocence."
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