Bail issues with ex-IMF chief still to be resolved

Reuters News
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Posted: May 20, 2011 1:59 PM
Bail issues with ex-IMF chief still to be resolved

NEW YORK (Reuters) - A New York judge received a $1 million cash bail and $5 million insurance bond from Dominique Strauss-Kahn's lawyers on Friday, but was told there were still other bail issues to be resolved before the former IMF chief can be released from jail.

Under the terms of the bail granted by New York Supreme Court Judge Michael Obus on Thursday, Strauss-Kahn, who is charged with trying to rape a hotel maid, must also be placed under 24-hour home detention with electronic monitoring.

"No one will be released until all the conditions are resolved to the satisfaction of the court," Obus told the defense lawyers.

The defense lawyers and prosecutors are due to return to court at 2:30 p.m. on Friday.

Strauss-Kahn, who has spent the past four nights at New York's notorious Rikers Island jail, has strongly denied charges of a criminal sexual act, attempted rape, sexual abuse, unlawful imprisonment and forcible touching.

(Reporting by Basil Katz, writing by Michelle Nichols, editing by Jackie Frank)