Former IMF managing director Dominique Strauss-Kahn, who was released on bail on Friday after being charged with sexual assault, will spend his home arrest period in a luxury Manhattan apartment, ABC News said.
New York State Supreme Court Judge Michael Obus said that Strauss-Kahn, can be released on a $1 million cash bail, and placed under 24-hour house arrest.
Located in New York's most affluent area, Bristol Plaza is a luxe corporate rental building, offering apartments for long-term stays with prices ranging up to $14,000 per month.
The apartment was hired by Strauss-Kahn's wife, television journalist Anne Sinclair.
Apart from the $1-million bail, the former IMF chief was ordered to have one armed guard at all times at his own expense and have a $5 million insurance bond. He will stay under 24-hour camera surveillance and wear an electronic ankle bracelet, but relatives and friends will be able to visit him freely.
Strauss-Kahn's lawyer, William Taylor, described the court-ordered house arrest arrangement as "the most restrictive possible condition." The total cost of home detention is estimated at about $200,000 per month.
The former IMF chief, who announced his resignation on Thursday, is entitled to an annual pension of about $318,000 under his contract with the International Monetary Fund.
Strauss-Kahn, 62, was arrested last Sunday at New York's John F. Kennedy International Airport on board a plane to Paris. He is charged with attempting to rape a maid at the Sofitel hotel near Manhattan's Times Square.
Charges include several high-level felonies, including a criminal sexual act, attempted rape, sexual abuse, unlawful imprisonment and forcible touching. The most serious crime entails a punishment of up to 25 years in prison.
MOSCOW, May 20 (RIA Novosti)
