IMF chief resigns over sex scandal

Strauss-Kahn, who has steered the IMF through one of the toughest financial crises in living memory, told the organisation's executive board he would be resigning as managing director with immediate effect. In a statement he said: "It is with infinite sadness I feel compelled today to present to the executive board my resignation from my post of managing director of the IMF." Strauss-Kahn, who is being held in jail in New York after being refused bail, faces a number of charges relating to the alleged sexual assault of a 32-year-old maid in a New York hotel last Saturday. On Monday...