The former IMF boss Dominique Strauss-Kahn has been granted bail by a court in New York. He will spend Thursday night in prison but should be freed on Friday subject to conditions being fulfilled.
The decision by the judge Michael Obus follows a second bail hearing. The conditions are one million dollars in cash with a five million dollar guarantee. Strauss Kahn must live under home detention in Manhattan with an armed guard around the clock, and be electronically monitored.
Strauss-Kahn’s defence lawyer William Taylor had proposed stringent conditions in a bid to secure his client’s freedom.
The prosecutor argued unsuccessfully that given all that was at stake, Strauss-Kahn had an incentive to flee back to France where he would be safe from extradition to the US.
A grand jury has formally indicted Dominique Strauss-Kahn on charges that he sexually assaulted and tried to rape a 32 year old hotel chambermaid.
The prosecutor said the woman had provided evidence that was compelling and strong and formally identified Strauss Kahn as her assailant. He added that forensic evidence not available at the time of the first hearing backed the prosecution case.
Following his arrest last weekend and subsequent remand in custody, the man who was one of the most powerful on earth has been languishing in New York’s Rikers Island jail.
The case has caused a furore especially in France, where Strauss-Kahn was a likely frontunner for the socialists in next year’s presidential election.
He now faces a long battle to clear his name. The next court hearing has been set for June 6.