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Strauss-Kahn indicted by grand jury, is granted $1 million cash bail

Strauss-Kahn must also be monitored, hand in his passports, and post another $5 million bond. Prosecutors, who opposed the deal, said a grand jury indicted him on seven counts.

By Ron SchererStaff writer / May 19, 2011

International Monetary Fund leader Dominique Strauss-Kahn listens to proceedings in his case in New York state Supreme Court, on Thursday, May 19. A judge set bail at $1 million Thursday, as long as Strauss-Kahn agreed to wear an electronic monitoring device, surrendered all his passports to the government, and hired armed guards to make sure he does not violate his house arrest.

Richard Drew/AP

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New York

Dominique Strauss-Kahn, the former head of the International Monetary Fund accused of sexually assaulting a hotel housekeeper, was granted bail Thursday even as prosecutors said a grand jury voted to indict him on seven counts.

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Mr. Strauss-Kahn, who had been favored in most French polls to defeat President Nicolas Sarkozy as the Socialist Party candidate in 2012 elections, has been in police custody ever since being pulled off a flight to France May 14.

On Thursday, New York State Supreme Court Judge Michael Obus gave Strauss-Kahn a get out of jail card as long as he posted a $1 million cash bail, agreed to wear an electronic monitoring device, surrendered all his passports to the government, and hired armed guards to make sure he does not violate his house arrest. He was also required to post a $5 million bond.

At the same time, prosecutors announced that a Manhattan Grand Jury voted to indict the IMF’s former managing director on seven charges, including four felonies and three misdemeanors. The felonies reportedly include attempt to commit rape and criminal sexual acts and sexual abuse. Strauss-Kahn, who is maintaining his innocence, is scheduled to be arraigned on Friday, when the indictment will be unsealed.

Granting Strauss-Kahn bail might help to calm French anger since many French citizens were appalled to see an individual who was so highly regarded in politics being held at Rikers Island, New York’s jail.

The bail agreement will reunite Strauss-Kahn with his wife, Ann Sinclair, an American-born journalist, and his daughter, who is a graduate student in New York.

On Thursday, prosecutors continued to maintain he was a flight risk and opposed the bail package. A key factor is that France will not extradite its own citizens.

“Our position is there is no bail package at this time that would ensure his return,” said Assistant District Attorney John McConnell. “This court must be satisfied that he will come back.... His own conduct in this case has shown a propensity for impulsive criminal conduct.”

In his letter of resignation to the IMF on Wednesday, Strauss-Kahn said he wanted to devote all his strength, time and energy to proving his innocence.

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