Strauss-Kahn Steps Down as IMF Chief

France's Dominique Strauss-Kahn has resigned as managing director of the International Monetary Fund (IMF) under pressures over alleged sexual assault charges that he strongly denies.

"It is with infinite sadness that I feel compelled today to present to the Executive Board my resignation from my post of Managing Director of the IMF," AFP quoted Strauss-Kahn as saying on Thursday.

"I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me," he said.

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