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Thursday, May 19, 2011

Dominique Strauss-Kahn Resigns as Head of International Monetary Fund

By Jon Swaine  

Strauss-Kahn, the French socialist, in court
In a statement released by the Fund in the early hours of Thursday morning, Mr Strauss-Kahn said he needed to "devote all my strength, all my time, and all my energy to proving my innocence".

The 62-year-old Frenchman has been under intense pressure since being arrested in the First Class cabin of on an Air France jet on the tarmac of John F. Kennedy airport on Saturday afternoon.

He also faces new claims that he hired prostitutes from the Manhattan Madam who served Eliot Spitzer, the disgraced former Governor of New York.

He is being held at Rikers Island prison after being formally charged with seven crimes related to the alleged assault of a 32-year-old Guinean maid in his suite at the Sofitel earlier that day, including attempted rape and an illegal sexual act.

Timothy Geithner, the US Treasury Secretary, said earlier this week that Mr Strauss-Kahn was "obviously not in a position to run" the IMF, while European figures had begun to say the same. 

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