Ex-IMF chief out of New York Jail

Former IMF chief Dominique Strauss-Kahn was released from jail Friday evening and will temporarily reside in an  apartment building owned by the security company responsible for monitoring him 24 hours a day.Strauss-Kahn, who was indicted by a grand jury on Thursday on seven counts of sexual assault against a hotel chamber maid, was released from the notorious Rikers Island into the custody of private security firm Stroz Friedberg.In the jail, he was checked every 15 minutes by guards Under a bail agreement approved Wednesday, Strauss-Kahn will be allowed to stay in the Stroz Friedberg’s corporate apartments and will be monitored around the clock by the company.

Strauss-Kahn is expected to stay in the apartment for only three to  four days while his family searches for a more permanent residence in the city.
As part of his bail, Strauss-Kahn is required to stay in New York.Judge Michael Obus approved Strauss-Kahn’s release today after he paid $1 million bail and an additional $5 million insurance bond, surrendered his passport and other travel documents, and arranged for round-the-clock surveillance.
Obus said the former IMF chief will not be allowed to leave the Stroz Friedberg building except for medical emergencies. Once a permanent location is found he will be permitted to leave under certain circumstances, provided the prosecution is given six hours notice.
Strauss-Kahn had previously planned to move into a furnished luxury apartment found by Anne Sinclair, his wife who is a French TV journalist.
By Friday afternoon, however, it was clear that Strauss-Kahn would not be permitted to move into the Bristol Palace on Manhattan’s Upper East Side, raising the prospect that he might spend the weekend in jail.
Wherever he eventually settles, he will likely spare little expense on his new digs. The initial Bristol Palace apartment the couple looked at  cost around $14,000 a month. Following the French economist’s resignation from the IMF Wednesday he will begin collecting a $318,000 annual pension.
Dominique Strauss-Kahn Still Apartment Hunting in New York “The conditions that have been proposed, I believe that they are sufficient to ensure that you will be here when we need you,” Justice Michael Obus said. – App