BREAKING NEWS

Strauss-Kahn resigns as IMF chief to prove innocence

By REUTERS

MAY 19, 2011 09:37

NEW YORK - Dominique Strauss-Kahn resigned as head of the International Monetary Fund, saying he needed to devote all his energy to fight charges that he sexually assaulted a hotel maid.

His arrest after he was pulled from a plane in New York on Saturday dashes Strauss-Kahn's prospects of running for the French presidency in 2012 and has sparked debate around the world over the Fund's future leadership.

"I deny with the greatest possible firmness all of the allegations that have been made against me," Strauss-Kahn said in his letter of resignation, released by the IMF and dated May 18.

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