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Former IMF Head Released From New York Jail

Former International Monetary Fund leader Dominique Strauss-Kahn listens to proceedings in his case in New York state Supreme Court, May 19, 2011

The former head of the International Monetary Fund, Dominique Strauss-Kahn, has been released from a sexual assault charges, several days after his arrest on sexual assault charges.

A New York judge Friday ordered the release of Strauss-Kahn after he posted $1 million in bail and a $5 million insurance bond.

State Supreme Court Justice Michael Obus assigned Strauss-Kahn to a temporary housing location in the Manhattan borough of New York City. Armed guards will watch him, and he will be monitored electronically.

Strauss-Kahn was accused of sexually assaulting a New York hotel maid last week and could face decades in prison if convicted. He has denied the charges against him.

Earlier this week, he resigned from the top job at the IMF.

Strauss-Kahn faces another court hearing [an arraignment] on June 6, when a judge will describe the charges against the defendant and make sure he understands his legal rights.

Strauss-Kahn is a former French finance minister, and had been expected to soon declare his candidacy for the French presidency.

Some information for this report was provided by AP and Reuters.