Strauss-Kahn granted bail

Dominique Strauss-Kahan has been granted bail. The former head of the International Money Fund was arrested on Saturday on suspicion of criminal sexual act, attempted rape, sexual abuse, unlawful imprisonment and forcible touching.

The judged announced on Thursday that Strauss-Kahn can be released on one million dollar bail. He also has to be placed under 24 hour home detention with electronic monitoring.

He released a letter on Wednesday denying all the charges. He also announced his resignation at the head of IMF. 

Strauss-Kahn allegedly attempted to rape a maid at the Sofitel hotel in Manhattan. The maid also claims she was sexually abused. He was denied bail on Monday, and spent three nights at the notorious Rikers Island jail in New York. If convinted, Strauss-Kahn could face up to 25 years in jail.