This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+241014

IMF chief Strauss-Kahn resigns

  • Print
  • Comment

IMF managing director Dominique Strauss-Kahn has resigned following being charged earlier this week with alleged sexual assault.

In a brief letter to the IMF executive board late Wednesday, Dominique Strauss-Kahn proclaimed his innocence.

He said he was stepping down to “protect this institution which I have served with honor and devotion, and especially – especially – I want to devote all my strength, all my time and all my energy to proving my innocence.”

“To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me,” he said.

The statement added that the IMF would announce in the near future on the executive board’s process of selecting a new managing director. Meanwhile, John Lipsky remains acting managing director.

The resignation came as his attorneys are preparing to appeal for today to New York’s Supreme Court to release their client on bail.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Should Sesame unwind the 'pay to play' deals it set up as part of its restricted advice panel?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments