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May 20th, 2011
08:00 PM ET

Ex-IMF chief released from Rikers Island jail

New York (CNN) - Former IMF Chief Dominique Strauss-Kahn was released Friday on bail from the jail cell on Rikers Island where he had been held for much of the week, the New York City Department of Correction website said.

The 62-year-old economist's release came after Supreme Court Judge Michael Obus met Friday with defense and prosecution lawyers. They hashed out details to ensure that the economist will show up for trial on charges that he tried to rape a maid last Saturday in a New York hotel.

Obus said earlier in the day that a security company had found a temporary location for Strauss-Kahn to live in and that a hunt was on for longer-term lodging. While Strauss-Kahn is in the initial location, he will not be able to leave at all except for medical reasons, Obus said. Once he is in his longer-term location, the former banker must give six hours' notice before leaving.

Strauss-Kahn will live with his wife in an apartment in Manhattan after his release, defense lawyer William Taylor said.

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