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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 nearly a week, the New York City Department of Correction website said.
His 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.
Defense lawyer William Taylor pleaded with members of the news media to grant privacy to his client. "The reason that he had to move is because members of the press attempted to invade his private residence and interfere with his family's privacy," Taylor said.
The conditions of his release included $1 million cash bail and $5 million bond. A document signed by bondsman Ira Judelson shows that the bond was secured by money from the accused's wife, Anne Sinclair.
Judelson would not divulge what Sinclair put up as collateral. "I feel very comfortable with the bail package; the family is," Judelson told reporters. "I worked with them all last night on putting this together. They're good people."
Meanwhile, the IMF said Friday that Strauss-Kahn will receive a $250,000 separation payment and a "modest annual pension" thereafter.
We don't disclose pension payments," said IMF spokesman William Murray. "But it is well below the separation payment figure."
Strauss-Kahn was in the fourth year of a five-year term with the global financial institution and was paid $441,980 in 2010, according to the most recent annual report. He also got $79,000 and first-class travel for him and his family while he was on company business.
Obus granted the bail Thursday on condition that, in addition to posting $1 million in cash and a $5 million bond, Strauss-Kahn surrender his travel documents and submit to home detention.
His next court appearance is set for June 6.
The bail decision came shortly after his indictment on seven criminal charges was announced. They are: two counts of criminal sexual act; two counts of sexual abuse; and one count each of attempt to commit rape, unlawful imprisonment and forcible touching.
In the charge of criminal sexual act in the first degree, Strauss-Kahn is accused of having "engaged in oral sexual conduct with an individual ... by forcible compulsion," the indictment says.
Strauss-Kahn proclaimed his innocence in a resignation letter to the IMF executive board late Wednesday.
"To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me," he said.
A criminal court judge denied him bail Monday, saying the fact that he was taken into custody on Saturday afternoon aboard an Air France jet that was set to take off from John F. Kennedy International Airport for Paris made him a flight risk.
But Strauss-Kahn's lawyer argued Thursday that his client had bought the ticket on May 11, and that he was not fleeing anything.
Strauss-Kahn will live with his wife in an apartment in Manhattan after his release, Taylor said.
The alleged victim, a 32-year-old Guinean maid for the Sofitel hotel, testified before the grand jury Wednesday, according to her attorney.
Prosecutors allege that a naked Strauss-Kahn, 62, chased the housekeeping employee through his suite and sexually assaulted her.
Defense attorney Benjamin Brafman has disputed the allegation, saying "forensic evidence, we believe, will not be consistent with a forcible account, and we believe there is a very, very defensible case."
His 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.
Defense lawyer William Taylor pleaded with members of the news media to grant privacy to his client. "The reason that he had to move is because members of the press attempted to invade his private residence and interfere with his family's privacy," Taylor said.
The conditions of his release included $1 million cash bail and $5 million bond. A document signed by bondsman Ira Judelson shows that the bond was secured by money from the accused's wife, Anne Sinclair.
Judelson would not divulge what Sinclair put up as collateral. "I feel very comfortable with the bail package; the family is," Judelson told reporters. "I worked with them all last night on putting this together. They're good people."
Meanwhile, the IMF said Friday that Strauss-Kahn will receive a $250,000 separation payment and a "modest annual pension" thereafter.
We don't disclose pension payments," said IMF spokesman William Murray. "But it is well below the separation payment figure."
Strauss-Kahn was in the fourth year of a five-year term with the global financial institution and was paid $441,980 in 2010, according to the most recent annual report. He also got $79,000 and first-class travel for him and his family while he was on company business.
Obus granted the bail Thursday on condition that, in addition to posting $1 million in cash and a $5 million bond, Strauss-Kahn surrender his travel documents and submit to home detention.
His next court appearance is set for June 6.
The bail decision came shortly after his indictment on seven criminal charges was announced. They are: two counts of criminal sexual act; two counts of sexual abuse; and one count each of attempt to commit rape, unlawful imprisonment and forcible touching.
In the charge of criminal sexual act in the first degree, Strauss-Kahn is accused of having "engaged in oral sexual conduct with an individual ... by forcible compulsion," the indictment says.
Strauss-Kahn proclaimed his innocence in a resignation letter to the IMF executive board late Wednesday.
"To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me," he said.
A criminal court judge denied him bail Monday, saying the fact that he was taken into custody on Saturday afternoon aboard an Air France jet that was set to take off from John F. Kennedy International Airport for Paris made him a flight risk.
But Strauss-Kahn's lawyer argued Thursday that his client had bought the ticket on May 11, and that he was not fleeing anything.
Strauss-Kahn will live with his wife in an apartment in Manhattan after his release, Taylor said.
The alleged victim, a 32-year-old Guinean maid for the Sofitel hotel, testified before the grand jury Wednesday, according to her attorney.
Prosecutors allege that a naked Strauss-Kahn, 62, chased the housekeeping employee through his suite and sexually assaulted her.
Defense attorney Benjamin Brafman has disputed the allegation, saying "forensic evidence, we believe, will not be consistent with a forcible account, and we believe there is a very, very defensible case."