Strauss-Kahn Indicted; $1 Million Bail For The Ex-Bail out King

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He is to stay at his daughter's apartment in Manhattan, 24 hours a day, and a security guard would be posted outside his residence at all times at his own expense.

[New York News]

Dominique Strauss-Kahn, the former IMF managing director got some good news and bad news this afternoon--a State Supreme Court Judge granted him bail; separately, he was indicted on the sex attack crimes charges meaning a grand jury agreed that the alleged victim has a compelling case.

The indictment was handed up today. Meanwhile, before Michael J. Obus, administrative judge for the criminal division of State Supreme Court in Manhattan and in the presence of his wife Anne Sinclair, lawyers for Strauss-Kahn argued that he was not a flight risk. The lawyers said the prosecutors' notion that the former IMF chief would become an international fugitive was "ridiculous."

The judge agreed to a $1 million cash bail and $5 million insurance bond. He is to stay at his daughter's apartment in Manhattan, 24 hours a day, and a security guard would be posted outside his residence at all times at his own expense. Also, Strauss-Kahn is to wear an electronic ankle monitoring device.

Earlier this week a criminal court Judge had rejected Strauss-Kahn's bail application. He had been on Riker's Island jail since Monday.

Strauss-Kahn, 62, was charged with attempted rape, sexual assault, unlawful imprisonment, in addition to other charges. In a statement he
denied the "allegations." He is charged with sexually assaulting a hotel worker, an immigrant from Guinea, who had come to clean his room at the Sofitel New York Hotel near Times Square, and also forcing her to perform oral sex.

Strauss-Kahn also submitted a waiver of extradition.

Artie McConnell is the lead prosecutor on the case in the New York County DA's office. Strauss-Kahn's lawyers include Benjamin Brafman and William W. Taylor III.

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