US$ 1m bail for IMF chief

Former IMF chief Dominique Strauss-Kahn was granted bail by a New York court shortly after he was formally indicted on all sexual assault charges. The court agreed to free Strauss-Kahn from a New York City jail on bail terms of USD 1 million in cash and also on the condition that he would remain under house arrest in a Manhattan apartment under the watch of armed guards.

Strauss-Kahn is allowed to stay with his wife in the apartment. On June 6, the court will hold an arrangement hearing in which the exact charges will be revealed. PTI