News / Europe

Strauss-Kahn Was Among Most Powerful Men in Finance, Political World

Former IMF chief Dominique Strauss-Kahn, (File)
Former IMF chief Dominique Strauss-Kahn, (File)
TEXT SIZE - +

Before his arrest on sexual assault charges in New York, former International Monetary Fund chief Dominique Strauss-Kahn was one of the most powerful men in international finance and French politics.

Financial savvy

The former French finance minister took charge of the IMF in 2007, with strong support from French President Nicolas Sarkozy.

Strauss-Kahn, 62, led the lending organization as it confronted the world financial crisis and took on a critical role in aiding financially strapped countries like Greece, Ireland and Portugal.

He had been considered a leading contender to run as the Socialist Party's candidate against Sarkozy in France's 2012 presidential election. Some say Sarkozy supported Strauss-Kahn becoming the IMF director as a ploy to keep him away from French politics.

Strauss-Kahn resigned from the IMF after his arrest in May, but pleaded not guilty to charges he attempted to rape a hotel maid.

Previous accusations

Married to his third wife, former French television anchor Anne Sinclair, Strauss-Kahn has weathered previous sex scandals. In 2008, he apologized for what he termed "an error in judgement" for an affair with one of his subordinates at the IMF.

Following his arrest this year, other allegations began to emerge, including from a French novelist whose lawyer said she would file a criminal complaint accusing Strauss-Kahn of sexually assaulting her nine years ago.

Some information for this report was provided by AP.

You May Like

Report: MI5 Tried to Recruit Woolwich Murder Suspect

Suspect's friend, arrested Friday, told BBC Michael Adebolajo had been approached by British security service months ago to work as informant More

Kerry Calls on Nigeria to Stop Human Rights Abuses

After meeting with Nigerian president, US top diplomat welcomes Abuja’s efforts to investigate, reign in excesses by troops fighting Boko Haram militants More

Vintage Apple Computer Sells for $671,400

Auctioneer says buyer is from 'Far East' and wishes to remain anonymous More

Pakistan Reiterates Opposition to US Drone Strikes

Day earlier US President Barack Obama justified 'constrained' drone usage to save lives More

Study Identifies Risks of Human Spread of H7N9 Bird Flu

Study suggest that international measures to contain the H7N9 influenza, in the event of severe outbreak, will need to be targeted in Asia More

Violence Continues in Conakry Over Upcoming Elections

Opposition has called for boycott of elections More

Video Syria's Civil War Fuels Violence in Iraq

Analysts say al-Qaida-linked militants are flowing back and forth from both countries More

Video Star Trek Influence Lives Long and Prospers

As new movie thrills, many are once again discussing the iconic franchise's influence on society, science and technology More

OECD: Developing Green Cities Key to Sustainable Future

OECD suggests strategies to mitigate rapid growth, industrialization in urban centers, which produce about two-thirds of greenhouse gas emissions 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.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Video

Video Volunteers Help Revive LA's Concrete River

The Los Angeles River is a concrete drainage channel through much of its 80-kilometer length. It channels waste-water from storm drains and has become a receptacle for much of the city's trash. But as Mike O'Sullivan reports, the river is slowly being restored with the help of volunteers, who take part in an annual clean-up.