Mon May 16, 2011

IMF Chief Charged With Assaulting Hotel Maid

International Monetary Fund Director Dominique Strauss-Kahn was denied bail Monday after an appearance in a New York City courtroom on sexual assault charges. His lawyers argued he was not a flight risk, but prosecutors said Strauss-Kahn had little motivation to return to court to answer the charges. The IMF issued a statement saying the incident won't have any impact on bailout decisions that need to be made in coming days.

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