FORMER IMF CHIEF UNDER HOUSE ARREST

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[flv:/flv/apb_dsk.flv 600 440] Former International Monetary Fund Managing Director Dominique Strauss-Kahn, who was indicted for allegedly trying to rape a hotel housekeeper, has been moved from the Rikers Island jail after a judge said bail conditions had been met.

DSK as he is known was whisked away to an apartment on Broadway off the corner of Rector Street. He will be subject to electronic monitoring around the clock and must wear a tracking device on his ankle. Strauss-Khan’s bail deal also calls for him to pay $200,000 for around-the clock private security guard.

On Monday May 23rd, Strauss-Khan issued a statement to his IMF colleagues that read-in part: “The past days have been extremely painful for me and my family, as I know they have been for everyone at the Fund. I am very sorry that this has been the case. I deny in the strongest possible terms the allegations which I now face; I am confident that the truth will come out and I will be exonerated. In the meantime, I cannot accept that the Fund – and you dear colleagues – should in any way have to share my own personal nightmare. So, I had to go.”

The former IMF Managing Director had also served as French finance minister and was once seen as a strong contender to be the next president of France. As IMF Chief he played a key role in tackling the global financial crisis of 2007-09.

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