Thursday, May 26, 2011

Ex-IMF chief Strauss-Kahn moves to new housing

Dominique Strauss-Kahn moved into a new location in Manhattan where he will wait under house arrest for his New York trial on sex assault charges.

The former head of the International Monetary Fund left the lower Manhattan apartment where he first went after being freed on bail and entered a new residence in the trendy Tribeca neighbourhood.

Strauss-Kahn, who resigned as head of the IMF after being charged with the violent sexual assault of a hotel chambermaid, was granted a USD 6 million bail package that requires him to live under 24-hour armed guard and wear a monitoring device.

Initial efforts by his wealthy wife to put him in a luxury building in another part of Manhattan fell through after complaints from residents, forcing him to go to the lower Manhattan location owned by the security company managing his home detention.

Strauss-Kahn is next due in court on June 06.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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