Former Head of IMF Released on Bail

Washington, May 20 (Prensa Latina) Former chief of the International Monetary Fund (IMF), Dominique Strauss-Kahn, will be released on bail, while the Executive board of this body will meet on Friday to choose a new boss.

A Court in New York agreed to release Strauss-Kahn on Âú620,000 bail on Friday but was ordered to wear an electronic tag, to hand over his passport and forced to stay under house arrest in Manhattan.

The IMF former chief was accused of raping and sexually abusing a housekeeper of the Sofitel Hotel, where he stayed last weekend.

The arrest of the French politician, who announced his resignation on Thursday, shook the French Socialist Party, which expected to present him as a presidential candidate for the 2012 elections.

The IMF Executive Board will meet on Friday to start seeking a new chief. This position is provisionally held by American John Lipsky.

However, as more details of the case are learned, some U.S. and French media programs have underlined the possibility that Strauss-Kahn had been framed, according to a newspaper from California.

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