Dominique Strauss-Kahn, who resigned as managing director of the International Monetary Fund amid a sex-assault scandal, will receive 250,000 dollars in severance pay, the IMF said Friday.
In a statement, the IMF said that media reports had "grossly over-estimated" Strauss-Kahn's pension and entitlements because of the "one-off separation payment of 250,000 dollars" that he will receive, dpa reported.
"The annual payments would be far, far less than that amount in subsequent years," the IMF said.
As one of the most privileged of all international diplomats, Strauss-Kahn earned a tax-free salary of 420,930 dollars plus a cost-of-living allowance of 75,350 dollars to compensate for being posted in expensive Washington.
Strauss-Kahn was indicted this week in New York on seven charges related to the alleged sexual assault on a hotel housekeeper on Saturday. He is expected to be released from custody on Friday after posting bail of 1 million dollars cash and 5 million dollars in property bonds.
In addition, he will be confined to a New York apartment with an electronic-monitoring ankle bracelet, under surveillance by video cameras and under the watchful eye of an armed guard, a New York judge ruled Thursday. He was also required to surrender his passport and a UN diplomatic pass.
In a bail hearing Thursday in Manhattan, Judge Michael Obus warned Strauss-Kahn that if there was the "slightest problem with your compliance," the bail conditions could be changed or even withdrawn.
Strauss-Kahn's first application for bail on Monday was rejected by a lower court judge, who cited the flight risk of the French politician, who was arrested on May 14 aboard an Air France flight at John F Kennedy International Airport, 10 minutes before takeoff.
Prosecutors on Thursday had continued to oppose bail, saying that Strauss-Kahn's power, wealth and worldwide connections could easily be used to escape the United States.
...