Strauss-Kahn's IMF future hinges on bail hearing

By The Associated Press | May 18, 2011 | 5:13 PM EDT

WASHINGTON (AP) — International Monetary Fund officials say Dominique Strauss-Kahn's bail hearing Friday could spell the end of his leadership of the aid organization.

If a New York judge denies bail for Strauss-Kahn or imposes highly restrictive conditions on his freedom, the IMF's executive board would expect him to resign, two senior IMF officials say. If he didn't, the board could remove him on the grounds that he couldn't lead the IMF from a jail cell or far from its Washington headquarters.

The two officials spoke on condition of anonymity because of the highly sensitive situation. Strauss-Kahn is jailed in New York City on charges of sexually assaulting a hotel maid.

No action is foreseen before Friday's court hearing. Attempts to reach Strauss-Kahn's lawyers were unsuccessful.