Courtesy: "Associated Press (AP)", 19 May 2011
IMF chief resigns, will make new bid for bail
NEW YORK (AP) -- Hours after Dominique Strauss-Kahn resigned from his post as manager of the International Monetary Fund - saying he felt compelled to focus his energy on the sexual assault charges he faces - the French politician will try to get out of jail.
Behind bars on New York's Rikers Island since Monday, the beleaguered former IMF chief is scheduled to return to a Manhattan court Thursday afternoon to again ask for bail on charges he sexually assaulted a hotel maid - a move seemed certain to face vigorous opposition by prosecutors.
Late Wednesday, Strauss-Kahn resigned as managing director of the International Monetary Fund, according to a letter released by its executive board.
In the letter, Strauss-Kahn denied the allegations but said he felt compelled to resign with "great sadness" because he was thinking of his family and also wanted to protect the IMF.