Strauss-Kahn granted bail under home detention

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Ex-IMF chief Dominique Strauss-Kahn was granted bail Thursday after being formally indicted on sexual assault charges, but was placed under home detention after posting $1 million bail.

Judge Michael Obus agreed to release Strauss-Kahn from notorious Rikers Island jail after he also agreed to an insurance bond of $5 million, to surrender all travel documents and to submit to guarded home detention.

He was to be monitored in a Manhattan apartment 24 hours a days, seven days a week by video surveillance equipment and have at least one armed guard with him at all times, a New York court heard.

The hearing came just hours after Strauss-Kahn, 62, resigned from the IMF vowing to clear his name after being charged in the alleged attack on a 32-year-old chambermaid in a luxury New York hotel suite on Saturday.

© 2011 AFP

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