STORY: STRAUSS-KAHN GRANTED BAIL
DATELINE: May 20, 2011
LOCATION: New York
The former Managing Director of the International Monetary Fund Dominique Strauss-Kahn has been granted bail as he faces charges of sexual assault and attempted rape.
The IMF is now considering new candidates for the international financial body's top job.
In the meantime, John Lipsky will remain as acting managing director.
New York State Supreme Court on Thursday said that the former IMF chief can be released on one million U.S. dollars bail and will be placed under 24-hour home detention with electronic monitoring.
His bail package was due to be signed on Friday and an arraignment hearing, when he will formally answer the charges, was set for June 6.
Strauss-Kahn's defense lawyer said the former IMF chief is an honorable man and will appear in court.
But prosecutors argued vehemently that the French national should remain behind bars, calling him a flight risk.
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Producer : Xinhua News Agency