IMF Board to Meet Monday on Strauss-Kahn Arrest

Reuters

The International Monetary Fund's executive board plans to meet on Monday afternoon to discuss developments surrounding the weekend arrest of IMF Managing Director Dominique Strauss-Kahn.

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"The executive board is scheduled to convene informally this afternoon for an update on developments in New York," the IMF said in a statement.

Earlier on Monday, a New York judge remanded Strauss-Kahn in custody on charges that he had sexually assaulted a hotel maid.

Prosecutors said they were concerned that Strauss-Kahn might flee to France if he was released on bail. Defense lawyers said Strauss-Kahn denied the charges against him.

The allegations have raised questions about Strauss-Kahn's ability to remain in the top job at the IMF, based in Washington.

(Reporting by Lesley Wroughton, Editing by Andrea Ricci)