Strauss-Kahn Resigns, Indicted

Dominique-Strauss-KahnInternational Monetary Fund chief Dominique Strauss-Kahn resigned on Thursday as head of the intergovernmental organization following allegations that he sexually assaulted a maid at an upscale hotel in New York.

In a statement, Strauss-Kahn denied the allegations, but said that the situation “compelled” him to step down as managing director of the IMF. “It is with infinite sadness that I feel compelled today to present to the Executive Board my resignation from my post of Managing Director of the IMF,” he said. “I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me.”

Hours after relinquishing the post that had held since 2007, Strauss-Kahn was indicted by a grand jury on the charges against him, including attempted rape, according to Reuters. The case would proceed to trial if the 62-year-old former economic minister of France enters a not guilty plea. Prosecutors, who revealed Strauss-Kahn’s indictment, also told the New York Supreme Court that they oppose any bail for the embattled economist. Strauss-Kahn has been locked up in the Rikers Island jail in New York City since Monday.