BREAKING NEWS

Ex-IMF chief awaits trial in luxury, avoids cell

By REUTERS

MAY 26, 2011 20:16

NEW YORK - Former IMF chief Dominique Strauss-Kahn will pay about $250,000 a month to live in his own private prison, complete with a gym and home cinema, to avoid a grim jail cell before his trial on charges he tried to rape a hotel housekeeper.

Strauss-Kahn, a serious contender for the French presidency until his arrest, was moved late on Wednesday from a temporary apartment to a posh townhouse on a cobblestone street in New York City's Tribeca district, named for its location in the triangle below Canal Street.

A real estate listing said the three-bedroom, four-bathroom property features an open kitchen and an "expansive loft-like living-room." Its last posted sale price was $13,995,000, another listing said, highlighting the natural gas grill, gym and home cinema.

Local media estimated Strauss-Kahn is paying $50,000 a month in rent. A prosecutor estimated he would pay $200,000 a month for court-mandated security arrangements that include electronic monitoring and an armed guard round the clock.

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