For illicit sex IMF chief resigns

It is the end of the road for Dominique Strauss Kahn the former chief of the international monetary fund as he has to vacate office for an illicit sex for which he is facing trial in US. However while resigning his exalted office at IMF he said that he is innocent of the charges that were made against him. He said that he was resigning out his desire to protect the institution of the IMF. He said that he is now going to focus all his energy and attention into regaining his integrity and to prove his innocence before the court of law. He submitted his letter of resignation. He said that he was sad that he leaving with an infinite sadness.

He has been in the American jail where he is standing trial for sexual assault in the state of New York. He has just been granted release and he is to be placed on detention in his home. However prison officials have kept a watch on the former IMF boss who is being closely monitored for a possible suicide.

The resignation of the former chief of the IMF could cause some problems in the top management of the bank as some people from non European countries could want to become the boss of that monetary institution.