News / Economy

Sex Charges Prompt IMF Resignation

International Monetary Fund (IMF) chief Dominique Strauss-Kahn appears in Manhattan Criminal Court during his arraignment in New York May 16, 2011
International Monetary Fund (IMF) chief Dominique Strauss-Kahn appears in Manhattan Criminal Court during his arraignment in New York May 16, 2011
Peter Fedynsky

Dominique Strauss-Kahn has resigned his powerful position as International Monetary Fund Chairman, while maintaining his innocence of sexual assault charges.

Related video report by Mariama Diallo

In a letter to the IMF board, Dominique Strauss-Kahn denies “with the greatest possible firmness" the allegations he sexually assaulted a hotel maid. He also writes that he wants to protect the institution that he says he "served with honor and devotion," and that he especially wants to devote all of his strength, time, and energy to proving his innocence.  

Strauss-Kahn adds that he feels compelled to resign with “infinite sadness.”  

Officials at New York's Rikers Island jail said earlier in the week that Strauss-Kahn was placed on a suicide watch. But one of his attorneys, William Taylor, described the defendant’s mood as good.

“It was serious, but good," said Taylor. "He is a strong man and he is committed to seeing this through."

Straus-Kahn’s resignation could spark a dispute over a successor. His deputy, John Lipsky, an American, will serve as acting managing director. But China, Brazil and South Africa are among the fast growing economies that want to break Europe’s traditional hold on the IMF’s influential top job.

German Chancellor Angela Merkel says developing economies have a legitimate claim in the medium term. But she adds urgent problems in the eurozone require a European IMF leader. Brazil's finance minister, Guido Mantega counters the position should be based on merit.

Strauss-Kahn has been held since Saturday, and his attorneys are asking the court to release him on $1-million bail. They say he has surrendered his passport and would stay at the home of his daughter, who is a student in New York.

Meanwhile, the Associated Press reports investigators have cut a piece of carpet from Strauss-Kahn’s hotel room in a search for DNA evidence.

The alleged victim is identified as a 32-year-old African immigrant from Guinea. Many of Strauss-Kahn’s supporters say he may have been the target of a character-assassination plot to preclude his bid for the presidency of his native France.

You May Like

Obama: I Will Do 'Everything I Can' to Close Guantanamo

US president says prison continues 'to inspire jihadists and extremists around the world' More

Sierra Leone Educates on Safe Ebola Burials

Also, country is improving at rapid response to isolated outbreaks, but health workers need to be even faster, officials say More

Christmas Gains Popularity in Vietnam

Increasingly wealthy Vietnamese embrace holiday due to its non-religious glamor, commercial appeal More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Ugandan Doctors Aid Victims of Sudan's Civil Wari
X
Adam Bailes
December 22, 2014 3:45 PM
In Sudan's state of South Kordofan, the number of amputees as result of civil war is in the thousands, but few have access to sufficient medical help. Adam Bailes recently visited the area and says a small team of Ugandan doctors has been providing remote help, producing new prosthetic limbs for those in need.
Video

Video Ugandan Doctors Aid Victims of Sudan's Civil War

In Sudan's state of South Kordofan, the number of amputees as result of civil war is in the thousands, but few have access to sufficient medical help. Adam Bailes recently visited the area and says a small team of Ugandan doctors has been providing remote help, producing new prosthetic limbs for those in need.
Video

Video Jane Monheit Christmas Special

Chanteuse Jane Monheit sings the holiday classic “Have Yourself a Merry Little Christmas,” and explains why it’s her favorite song of the season.
Video

Video Calm Amid Fear in Daily Life in S. Sudan’s Town of Bentiu

Six months ago, Bentiu was a ghost town. The capital of northern Unity State, near South Sudan’s important oil fields, had changed hands several times in fighting between government forces and rebels. Calm returned in November and since then, residents of Bentiu have been trying to regain some sense of normalcy. Bentiu’s market has reopened there are plans to start school again. But fears of new attacks hang heavy, as Benno Muchler reports from Bentiu.
Video

Video US Business Groups Press for Greater Access to Cuba

President Barack Obama's decision to do all he can to ease restrictions on U.S. trade, travel and financial activities with Cuba has drawn criticism from some conservatives and Republicans. People who bring tourists to the island and farmers who want to sell more food to Cuba, however, think they can do a lot more business with Cuba. VOA's Jim Randle reports.
Video

Video Three Cities Bid for Future Obama Presidential Library

President Barack Obama still has two years left in his term in office, but the effort to establish his post-presidential library is already underway. The bid for the Obama Presidential Library is down to four locations in three states -- New York, Hawaii, and Illinois. As VOA’s Kane Farabaugh reports, each of them played an important part in the president’s life before he reached the White House.
Video

Video Fears of More Political Gridlock in 2015

2014 proved to be a difficult year politically for President Barack Obama and a very good year for the U.S. Republican Party. Republican gains in the November midterm elections gave them control of the Senate and House of Representatives for the next two years -- setting the stage for more confrontation and gridlock in the final two years of the Obama presidency. VOA National Correspondent Jim Malone has a preview from Washington.
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.

All About America

AppleAndroid

World Currencies

EUR
USD
0.8143
JPY
USD
119.23
GBP
USD
0.6390
CAD
USD
1.1596
INR
USD
63.304

Rates may not be current.