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Entries in Dominique Strauss-Kahn (27)

Wednesday
May252011

French Finance Minister Seeks to Head IMF

ABC News(PARIS) – French Finance Minister Christine Lagarde announced Wednesday her desire to lead the International Monetary Fund, a role that Dominique Strauss-Kahn vacated this month amid accusations that he attempted to rape a New York City hotel worker.

Lagarde had considerable European backing for the position even before she announced her candidacy. But in what would be a break with tradition, some have suggested that the IMF’s top spot should go to someone other than a European.

The 55-year-old Frenchwoman stands one considerable hurdle. Lagarde is currently being eyed by a team of prosecutors who allege that she improperly handled a case involving a French businessman and politician early in her tenure as finance minister. Judges will decide in June whether to pursue an investigation into Lagarde’s handling of the matter.

Copyright 2011 ABC News Radio

Monday
May232011

Did Former IMF Chief Solicit Other Women in New York?

Harold Cunningham/Getty Images(NEW YORK) -- A U.S. tabloid is reporting that former International Monetary Fund chief Dominique Strauss-Kahn supposedly made advances to several other women before and after his alleged sexual assault against a maid last week during his stay at a Manhattan luxury hotel.

The New York Post says that Strauss-Kahn tried to entice two workers from the Sofitel Hotel to his room and made a lewd comment to an Air France flight attendant before he was removed from the plane by police on May 14 following the reported attack on the maid.

According to the Post, the married Strauss-Kahn used the French phrase "Quel beau cul" to tell the Air France attendant he admired her posterior.

Meanwhile, the former IMF chief is also reported to have tried to separately invite the hotel receptionist and desk receptionist back to his $3,000-a-night suite for a glass of champagne.  Both women declined his advances, which they described as "blatantly inappropriate," the newspaper said.

It was sometime around noon on May 14 that prosecutors contend Strauss-Kahn attempted to rape a hotel chamber maid.  The 32-old immigrant from Guinea has supposedly given authorities a detailed account of what happened.

Strauss-Kahn, who was released last week on $1 million bail, pleaded not guilty to seven counts, including attempted rape, criminal sexual assault and unlawful imprisonment.  The most serious charges could send him to prison for a maximum of 25 years if he's convicted.

Copyright 2011 ABC News Radio

Saturday
May212011

Ex-IMF Chief Dominique Strauss-Kahn Released on Bail 

Richard Drew-Pool/Getty Images(NEW YORK) -- Former IMF chief Dominique Strauss-Kahn was discharged from jail Friday and will temporarily reside in a downtown Manhattan apartment building owned by the security company responsible for monitoring him 24 hours a day.

Strauss-Kahn, who was indicted by a grand jury on Thursday on seven counts of sexual assault against a hotel chamber maid, was released from Riker's Island into the custody of private security firm Stroz Friedberg.

Under a bail agreement approved Wednesday, Strauss-Kahn will be allowed to stay in the corporate apartments of Stroz Friedberg and will be monitored around the clock by the company. He's expected to stay in the apartment for only three to four days while the family searches for a more permanent residence in the city. As part of his bail, Strauss-Kahn is required to stay in New York.

As authorities continue to investigate just exactly what happened during Strauss-Kahn's stay at the midtown hotel, a receptionist at the establishment alleges that after Strauss-Kahn checked in on May 13, he went up to his room and then called to ask her if she would like to join him for a drink, according to a report by the Daily Beast.

The following evening Strauss-Kahn was taken into custody by authorities aboard an Air France jet at John F. Kennedy International Airport, just as the doors were closing to take off on a flight to Paris.

Judge Michael Obus approved Strauss-Kahn's release Friday after he paid $1 million bail and an additional $5 million insurance bond, surrendered his passport and other travel documents, and arranged for round-the-clock surveillance.

Obus said the former IMF chief will not be allowed to leave the Stroz Friedberg building except in medical emergencies. Once a permanent location is found he will be permitted to leave under certain circumstances, provided the prosecution is given six hours notice.

Strauss-Kahn had planned to move into a furnished luxury apartment secured by his journalist wife Anne Sinclair. By Friday afternoon, however, it was clear that Strauss-Kahn would not be permitted to move into the Bristol Palace on Manhattan's Upper East Side, raising the prospect that he might spend the weekend in jail.

Copyright 2011 ABC News Radio

Friday
May202011

Strauss-Kahn Set to Leave Prison, Collect Hefty Severance Payout

Jim Spellman/WireImage(NEW YORK) -- As Dominique Strauss-Kahn prepares for release from jail on highly conditional bail after being indicted by a grand jury on rape charges, the former IMF chief will reportedly get an exit package including an annual pension of more than $318,000.

After appearing in court Thursday, a judge granted him a $1 million bail, an additional $5 million insurance bond and house arrest in New York City, as well as 24-hour monitoring.

Strauss-Kahn's time under house arrest will be at Bristol Plaza on Manhattan's Upper East Side.  The luxurious building specializes in corporate rentals of as much as $14,000 a month for a two-bedroom apartment.

In court Thursday, Strauss-Kahn blew kisses to his family in a rare light moment after a few very heavy days for the renowned economist.  The judge accepted the argument that he had no reason to flee the United States, and his offer to stay confined in the New York apartment rented by his wife while wearing an electronic monitoring device.

A grand jury heard testimony Wednesday from his accuser, a 32-year-old chamber maid at New York City's Sofitel Hotel, and gave the go-ahead for Strauss-Kahn to be tried for allegedly forcing the woman to submit to oral sex; he is also accused of attempted rape.  The grand jury sent down seven counts, which carry up to 25 years in prison.

Strauss-Kahn denied any wrong doing for the first time in his letter resigning as head of the International Monetary Fund on Wednesday, writing: "I deny with the greatest possible firmness all of the allegations that have been made against me."

With his resignation, the alleged rapist said he wanted, "…to protect this institution which I have served with honor and devotion."  It's likely he also insured hefty severance and pension payouts, assuming the IMF is standing by the contract.

According to his 2007 contract, the managing director of the IMF got a base salary and allowance totaling $496,280 when it went into effect in 2007.  With the prescribed cost of living increases in both the salary and allowance, he was making nearly $530,000 a year in annual compensation as of last July, according to ABC News' calculations.

It is common practice for executives of big organizations to get so-called "golden parachutes" when they retire or are terminated, and Strauss-Kahn's deal with the IMF is no different.  The deal gives him a "separation allowance" of 60-65 percent of his take-home pay.  That means with Wednesday's resignation letter, he is likely due $318,000 to $349,000 immediately.

The terms of the agreement do not seem to allow for the payment to be withheld for any reason, including being charged with or convicted of felony sexual assault.

The employment contract also sets up Strauss-Kahn with a lifetime of pension payments.  He was required to participate in the fund's basic staff retirement plan -- a traditional pension, which according to the IMF's website can start paying out at age 50 and with only three years of service.  Details on how much Strauss-Kahn gets under the basic plan are not publicly available.

Copyright 2011 ABC News Radio

Thursday
May192011

$1M Bail: Judge Offers Ex-IMF Chief Home Confinement Deal

Harold Cunningham/Getty Images(NEW YORK) -- A New York judge set bail at $1 million for Dominique Strauss-Kahn on Thursday, just moments after a grand jury indicted the former IMF chief on seven counts of sexual assault against a hotel chambermaid.

In addition to the $1 million bail, the judge demanded that Strauss-Kahn post an additional $5 million insurance bond and that the French politician agree to house arrest and 24-hour monitoring.

The grand jury, which heard testimony Wednesday from his accuser, a 32-year-old chambermaid, gave the go-ahead for Strauss-Kahn to be tried for allegedly forcing the women to submit to oral and anal sex. He is also accused of attempted rape.

As the grand jury returned its indictment, Strauss-Kahn, 62, who was one of the most influential men in global finance before his arrest, shuffled into a courtroom in a gray suit to request bail.

The man who had been a contender to be the next president of France was deemed a flight risk and denied bail earlier this week. Since Monday, he has been in protective isolation and on suicide watch in an 11-foot-by-13-foot cell at New York's notorious Riker's Island jail.

His lawyers initially proposed a $1 million bail package that was rejected by the court. Under a newly approved bail package, Strauss-Kahn will still pay the $1 million, but he will also be confined to a New York City residence, where he will be monitored around the clock by a private security firm and an electronic bracelet.

Strauss-Kahn has already turned over his passport to the court.

Typically such bail hearings occur after a suspect has been officially arraigned. An arraignment hearing is scheduled for Friday, when he is expected to plead not guilty.

His accuser, a maid at New York City's Sofitel Hotel, testified in court Wednesday that "there was nothing consensual" about the assault that allegedly took place Saturday, said Jeffrey Shapiro, her personal attorney.

On Wednesday, Strauss-Kahn resigned his post as head of the International Monetary Fund, the organization that oversees the global financial system.

Copyright 2011 ABC News Radio

Thursday
May192011

Dominique Strauss-Kahn Indicted by New York Grand Jury

Shannon Stapleton-Pool/Getty Images(NEW YORK) -- Former IMF chief Dominique Strauss-Kahn was indicted on four major felony charges Thursday, in a seven-count indictment.

The major charges include two counts of criminal sexual act in the first degree and one count of attempted rape. The other major count is sex abuse in the first degree. The other counts in the indictment include sexual abuse in the third degree, forcible touching, and unlawful imprisonment in the second degree.

Strauss-Kahn was led into the courtroom Thursday wearing a light gray suit. He appeared to give a tight-lipped smile to his attorney before attempting to turn to look at his wife, French television journalist Anne Sinclair. Sinclair and the couple's daughter held hands on a front row court bench as they waited for the bail hearing to begin.

Copyright 2011 ABC News Radio

Thursday
May192011

Dominique Strauss-Kahn's Lawyers to Seek Bail Again

JEWEL SAMAD/AFP/Getty Images(NEW YORK) -- Dominique Strauss-Kahn, who resigned as managing director of the International Monetary Fund on Wednesday, will return to court with his lawyers Thursday morning in a second attempt to win bail on charges that he sexually assaulted a hotel maid.

Strauss-Kahn, until the arrest a likely candidate for the presidency of France, officially resigned from the position he held since 2007 via a letter on Wednesday, an IMF press release stated.

Strauss-Kahn was arrested on Saturday on various charges including committing a criminal sexual act, attempted rape, and unlawful imprisonment, stemming from an alleged incident in a Manhattan suite where he is accused of the attempted rape a hotel maid.

His defense lawyers' offer of a $1 million bail package was rejected by the court at an initial hearing on Monday on grounds that Strauss-Kahn is a flight risk.  Since then he has been held in an 11 by 13-foot cell at the West Facility on New York's Riker's Island, where he remains on suicide watch.

It is unclear if Strauss-Kahn will be present for Thursday's court proceedings.

Thursday is Strauss-Kahn's scheduled visiting day at Riker's Island. Media reports from France indicate that his family is expected to visit him; if so, as many as three of them may visit for up to one hour.

Copyright 2011 ABC News Radio

Thursday
May192011

IMF Chief Dominique Strauss-Kahn Resigns

Harold Cunningham/Getty Images(WASHINGTON) -- Hours after Sen. Mark Kirk, R-Ill., demanded Wednesday that International Monetary Fund chief Dominique Strauss-Kahn resign or be terminated, the IMF announced that the managing director accused of sexual assault and attempted rape of a NYC hotel housekeeper had submitted his resignation.

In a letter to the IMF executive board, Strauss-Kahn, 62, states:

"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 continues saying that he is thinking first of his wife, who, he says, "I love more than anything," as well as his children, family and friends.

After acknowledging his colleagues at the IMF and their accomplishments, Strauss-Kahn denies "with the greatest possible firmness" the allegations made against him.

"I want to protect this institution, which I have served with honor and devotion," Strauss-Kahn states. "I want to devote all my strength, all my time and all my energy to proving my innocence."

He is currently being held in protective custody at New York's Rikers Island prison facility awaiting his hearing on Friday.

The IMF plans to select a new Managing Director, but says that, in the meantime, John Lipsky will remain acting managing director.

Wednesday
May182011

IMF Case: Strauss-Kahn to Ask for Bail; Alleged Victim Testifies to Grand Jury

Shannon Stapleton-Pool/Getty Images(NEW YORK) -- Moments after the hotel chambermaid who has accused IMF chief Dominique Strauss-Kahn of sexual assault finished testifying before a grand jury Wednesday in New York, lawyers for the French politician said they would seek to have him freed on bail Thursday.

Strauss-Kahn's attorneys are busy constructing a new bail package to present to a judge as early as Thursday morning in the hopes of springing their client from pretrial detention.

Strauss-Kahn is currently in protective isolation and on suicide watch in an 11 foot-by-13-foot cell at New York's notorious Riker's Island jail, where he has been since Monday when a court determined he was a flight risk and denied him bail.

His lawyers initially proposed a $1 million bail package that was rejected by the court.

It has not been announced whether Strauss-Kahn will be in court for Friday's hearing. According to reports in the French media, he is expecting his family to visit him in jail Thursday.

His accuser, a 32-year-old maid at New York City's Sofitel Hotel, testified in court Wednesday that "there was nothing consensual" about the assault that allegedly took place Saturday, her lawyer Jeffrey Shapiro said.

Meanwhile, investigators say they are conducting DNA tests on bodily fluids and other materials found in the $3,000-a-night suite.

Prosecutors presented her testimony and other evidence today to the grand jury in an effort to swat down what will likely be Strauss-Kahn's defense; that he and the maid, a native of the West African country Guinea, had consensual sex in his hotel room.

Defense attorney Benjamin Brafman told the judge at a bail hearing Monday that "the evidence, we believe, will not be consistent with a forcible encounter," shedding light on the narrative Strauss-Kahn's lawyer might use to explain the encounter.

Copyright 2011 ABC News Radio

Wednesday
May182011

IMF Case: Maid's Testimony to Emphasize 'Nothing Consensual'

JEWEL SAMAD/AFP/Getty Images(WASHINGTON) -- Investigators say they are conducting DNA tests on bodily fluids found in the Manhattan hotel room where IMF chief Dominique Strauss-Kahn allegedly sexually assaulted a chambermaid, while his accuser prepares to testify before a grand jury.

The housekeeper, a native of the West African country of Guinea, was to testify in court Wednesday that "there was nothing consensual" about the assault that allegedly took place Saturday, her lawyer Jeffrey Shapiro said.

Her testimony and new physical evidence will be introduced in an effort to swat down what will likely be Strauss-Kahn's defense; that he and the maid, 32, had consensual sex in his $3,000-a-night suite at the Sofitel Hotel. Defense attorney Benjamin Brafman told the judge at a bail hearing Monday that "the evidence, we believe, will not be consistent with a forcible encounter," shedding light on the narrative Strauss-Kahn's lawyer might use to explain the encounter.

Strauss-Kahn, 62, is accused of forcing the housekeeper to perform oral sex and submit to anal sex. He is also accused of sexual assault and attempted rape.

Prosecutors plan to introduce evidence that they say corroborates the housekeeper's story.

Copyright 2011 ABC News Radio







ABC News Radio