Head of IMF resigns after sexual assault charges

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Dominique Strauss-Kahn, head of the International Monetary Fund (IMF) has resigned after prosecutors charged him for sexual assault and attempted rape.

The resignation, effective immediately, was posted Wednesday on IMF’s website.

In his statement, Strauss-Kahn said:

“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, I think at this time first of my wife — whom I love more than anything — of my children, of my family, of my friends.”

“I think also of my colleagues at the Fund; together we have accomplished such great things over the last three years and more,”

The alleged assault took place in a hotel room in New York, with the apparent victim a maid in hotel employment. 

Strauss-Kahn, however, remains resilient – stating:

“I deny with the greatest possible firmness all of the allegations that have been made against me.”