Ex-IMF Chief Dominique Strauss-Kahn granted $1-million bail, but on some conditions

By on May 20, 2011 in Current Events, United States Comments

Former IMF (International Monetary Fund) chief Dominique Strauss-Kahn has been granted a $1-million bail by a court judge in New York but with some conditions.

Ex-IMF Chief Dominique Strauss-Kahn
with third wife Anne Sinclair

Image Credit: Jim Spellman/Getty

According to US news sites on Thursday, May 19, 2011, Strauss-Kahn was allowed to post a $1-million bail and will be freed on Friday but different conditions are to be fulfilled.

Apparently, the $1-million bail was decided by Judge Michael Obus, with some conditions that include paying the $1-million bail in cash and another $5 million as insurance bond.

In addition, the former IMF chief should live under house detention in Manhattan, New York and will be strictly guarded on a 24-hour basis on his expense, who will also be monitored electronically.

William Taylor, Strauss-Kahn’s lawyer, who was at the hearing along with the third wife of the former IMF Chief, Anne Sinclair and daughter Camille, told reports that the bail was a relief for the family.

Strauss-Kahn, 62, who resigned earlier as IMF Managing Director after he was arrested in New York and is being accused for allegedly sexually attacking a 32-year-old housekeeper on Saturday inside his hotel suite.

The next court trial will be held on June 6, Monday as Strauss-Kahn has denied all the accusations against him.

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