The head of the International Monetary Fund will remain in his job after the agency’s executive board concluded that there is no cause for dismissal over an extramarital relationship.
The IMF board issued a statement saying that the actions of IMF managing director Dominique Strauss-Kahn were “regrettable and reflected a serious error of judgment”.
However, the 24-member board of directors decided that Mr Strauss-Kahn’s relationship with the former IMF employee was consensual.
It also decided it did not involve any type of sexual harassment, favouritism or any other abuse of authority by Mr Strauss-Kahn.
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AP