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Edition: U.S. Article Comments (3) Slideshow Video Full Focus Editor's choice A selection of our top photos from the past 24 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Media zoom in on mystery Schwarzenegger mistress | 18 May 2011 LinkedIn IPO prices at $45 per share, top of range | 18 May 2011 Woman in custody in Mass. for boy's body found in Maine 18 May 2011 Students consider prostitution to pay for school? 18 May 2011 IMF chief resigns, says to fight sex charges | 3:32am EDT Discussed 100 Texas county official says ”stupid” feds sparked fire 80 Israel-Palestinian violence erupts on three borders 64 Boehner says ready to cut budget deal today Watched Strauss-Kahn photo released 4:08am EDT Fire ants form rafts to defy floods Tue, Apr 26 2011 Schwarzenegger's mistress identified, Oprah hosts celebrity send-off 1:43am EDT IMF chief resigns, says to fight sex charges Tweet Share this By Michelle Nichols and Basil Katz NEW YORK (Reuters) - Dominique Strauss-Kahn resigned as head of the International Monetary Fund, saying he needed to devote all his energy to fight charges that he sexually assaulted a hotel maid. His arrest after... Email Print Factboxes The innocent perp 12:23am EDT Possible successors to Strauss-Kahn as IMF head 1:34am EDT Timeline of events in Strauss-Kahn case 12:23am EDT Related News Text: IMF statement on Dominique Strauss-Kahn's resignation 12:35am EDT IMF chief lawyers propose $1 million bail: court papers 12:23am EDT Japan Noda: should choose next IMF chief in transparent manner 3:11am EDT Strauss-Kahn may attempt a consensual sex defense 12:23am EDT Perp walk? Blame Giuliani 12:23am EDT Quiet, solitary life for maid in DSK attack case 12:23am EDT Mexico calls for transparent IMF leader pick 1:44am EDT Exclusive: Sofitel waited hour to report crime: source 12:23am EDT Analysis & Opinion DSK saga is not just a French thing Strauss-Kahn’s fall brings the French Left down with him Related Topics World » Dominique Strauss-Kahn » Related Video IMF chief quits over sex charges 3:49am EDT Strauss-Kahn photo released Maid in IMF sex-assault case in hiding Strauss-Kahn can't lead IMF: Geithner 1 / 12 An NYPD prisoner movement slip for IMF chief Dominique Strauss-Kahn is seen in this document released, May 18, 2011. Credit: Reuters/NYPD/Handout By Michelle Nichols and Basil Katz NEW YORK | Thu May 19, 2011 3:32am EDT NEW YORK (Reuters) - Dominique Strauss-Kahn resigned as head of the International Monetary Fund, saying he needed to devote all his energy to fight charges that he sexually assaulted a hotel maid. His arrest after he was pulled from a plane in New York on Saturday dashes Strauss-Kahn's prospects of running for the French presidency in 2012 and has sparked debate over the more than 60-year tradition that a European is appointed as the head of the Fund. "I deny with the greatest possible firmness all of the allegations that have been made against me," Strauss-Kahn said in his letter of resignation, released by the IMF and dated May 18. "I want to devote all my strength, all my time, and all my energy to proving my innocence." Later on Thursday, the former French finance minister will make his second request to be allowed out of jail on $1 million cash bail and placed under 24-hour house arrest until his trial on charges of attempting to rape a hotel maid, his lawyers said. He is being held in New York's Rikers Island jail. "Yes there will definitely be a bail hearing tomorrow," Manhattan District Attorney's Office spokeswoman Erin Duggan told Reuters on Wednesday. A police mug shot of Strauss-Kahn, 62, taken more than 24 hours after he was detained, showed him exhausted, his eyes downcast and half-closed and wearing a rumpled, open-neck shirt. The photograph is likely to fuel outrage in France over the way the man seen as a strong contender for the French presidency was paraded before the cameras in what is called the "perp walk" before he had a chance to defend himself in court. Polls released in France on Wednesday showed 57 percent of respondents thought the Socialist politician was definitely, or probably, the victim of a plot. The woman Strauss-Kahn allegedly tried to rape, a 32-year-old widow from West Africa, testified on Wednesday before a grand jury. It will decide in secret whether there is enough evidence to formally press charges with an indictment. TIMELINE EMERGES New details have emerged about the sequence of events surrounding the alleged attack. Strauss-Kahn left the Sofitel near Times Square in Manhattan around 12:30 p.m. on Saturday and about an hour later, hotel security called police to report an alleged sexual assault, a law enforcement source said. New York investigators are questioning why officials at the hotel waited an hour to call police after the IMF chief had left in a hurry. He has been charged with attempted rape, sexual abuse, a criminal sexual act, unlawful imprisonment and forcible touching. If convicted, he could face 25 years in prison. The woman he is accused of assaulting is an asylum seeker from Guinea with a 15-year-old daughter. In the only public hint of Strauss-Kahn's possible line of defense, his attorney Benjamin Brafman told his arraignment hearing on Monday that the evidence "will not be consistent with a forcible encounter." Any trial could be six months or more away. WHO WILL NEXT HEAD IMF? Stauss-Kahn's resignation will intensify the debate over who should next lead the Fund and whether it is time to ditch the tradition, in place since it was set up in 1945, of having a European as managing director. Emerging market economies, which are anyway demanding a greater say in how the IMF is run, have also been pressing their case for the global economy's financial manager to be drawn from their ranks. China, Brazil and South Africa have all suggested a new approach to selecting to next managing director. Mexico and Japan called for an open process. "As agreed at G20, heads of international financial organizations and senior leaders should be chosen based on their ability through and open and transparent process, so I think a suitable person should be chosen through such a process," Japanese Finance Minister Yoshihiko Noda said after Strauss-Kahn's resignation. Strauss-Kahn's departure comes at a sensitive time given the IMF's dominant role in helping euro zone states like Greece, Ireland and Portugal deal with massive debt problems. And Europeans argue that because of the euro zone debt crisis it makes sense for them to retain the post. John Lipsky, the Fund's number two, is acting managing director until the IMF executive board selects a successor to Strauss-Kahn. World Dominique Strauss-Kahn Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (3) gruven137 wrote: My guess is that he’ll make bail and all this will go away now that he resigned. May 18, 2011 12:58am EDT -- Report as abuse camiba wrote: If guilty, rot in jail. You and many others have left scars in our psyche and bodies.. It’s your turn now. May 19, 2011 2:05am EDT -- Report as abuse meenas17 wrote: He should repent and feel for his wayward behaviour.In post or in no position ,character is to be guarded. May 19, 2011 2:32am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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