Guwahati, Friday, May 20, 2011
Today's EditionMain Weather Backissues Epaper Dainik Asam Videos Contact Us
Strauss resigns as IMF chief

 WASHINGTON, May 19 – Dominique Strauss-Kahn who is locked up in a New York prison on allegations of sexual assault today resigned as the managing director of the IMF, triggering a succession battle between the developing world and Europe to lead the global lender, reports PTI.“It is with infinite sadness that I feel compelled today to present to the Executive Board my resignation from my post of Managing Director of the IMF,” Strauss-Kahn wrote to the Washington-based IMF board.

“Dominique Strauss-Kahn has today informed the Executive Board of the International Monetary Fund (IMF) of his intention to resign as Managing Director with immediate effect,” the IMF said in a statement after it received a formal letter in this regard from Strauss-Kahn.

Strauss-Kahn, 62, who has claimed innocence, is locked up in a New York prison since Saturday when he was bundled out of a Paris-bound flight and taken into custody on charges of sexually assaulting a chambermaid at a Manhattan hotel.

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

“I want to protect this institution which I have served with honour and devotion, and especially—especially—I want to devote all my strength, all my time, and all my energy to proving my innocence,” he said.

In his letter Strauss-Kahn maintained his innocence and said he would fight off the charges.

City »
State »
Other Headlines »
Sports »