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News : US Economy Last Updated: May 16, 2011 - 7:49 AM

IMF head arrested in New York on suspected sexual assault
By Michael Hennigan, Founder and Editor of Finfacts
May 15, 2011 - 6:00 AM

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International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn meets with (l) the then Haitian President-elect Michel Martelly at International Monetary Fund Headquarters (IMF) April 19, 2011 in Washington, DC.

The head of the IMF (International Monetary Fund,) was arrested on Saturday in New York after being removed from an airplane at Kennedy Airport on suspected sexual assault.

According reports, a naked Dominique Strauss-Kahn allegedly pushed a cleaning woman onto his bed at the Sofitel Hotel close to Times Square and sexually assaulted her at around 1 pm Saturday.

The alleged victim is reported to have informed co-workers who then alerted authorities. Strauss-Kahn headed to the airport and left personal belongings behind in his hotel room, including a mobile phone.

Detectives from the Port Authority Police Department arrested Strauss-Kahn from the first-class section of a Paris-bound Air France flight minutes before take-off, a spokesman for the Port Authority of New York and New Jersey said.

The New York Times reports that Deputy Police Commissioner Paul J. Browne, the department’s chief spokesman, said Saturday night:
“He is being arrested for a criminal sex act, attempted rape and unlawful imprisonment.”

Browne said that the suite, which cost $3,000 a night, had a foyer, a conference room, a living room and a bedroom, and Strauss-Khan had checked in on Friday. As the cleaning woman was in the foyer, “he came out of the bathroom, fully naked, and attempted to sexually assault her,” Browne said, adding, “He grabs her, according to her account, and pulls her into the bedroom and onto the bed.”

Strauss-Kahn enhanced the reputation of the Fund during the global financial crisis but the 62-year old former French finance minister was lucky to keep his job as IMF managing director when it was disclosed in 2008 that he had an affair with a Hungarian economist who was a subordinate to him at the Fund.

Strauss-Kahn is married to Anne Sinclair, an American-born French journalist.

Nicolas Sarkozy, the French president, had nominated Strauss-Kahn for the IMF position to get a French rival off the domestic stage but recent polls showed that Strauss-Kahn was the best placed opposition politician to win the presidency in 2012.

Strauss-Kahn has been held in custody overnight and staying out of an American jail rather than seeking to be a tenant of Palais de l'Elysée, is surely his main priority now.

The bizarre incident could well have been a set-up to benefit President Sarkozy.

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