This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/world/europe/7691462.stm

The article has changed 4 times. There is an RSS feed of changes available.

Version 0 Version 1
IMF director cleared over affair IMF director cleared over affair
(40 minutes later)
IMF Managing Director Dominique Strauss-Kahn has been cleared of harassment, favoritism and abuse of power after an affair with a colleague.IMF Managing Director Dominique Strauss-Kahn has been cleared of harassment, favoritism and abuse of power after an affair with a colleague.
The IMF board said Mr Strauss-Kahn's affair had been "regrettable" but that he would stay in his post.The IMF board said Mr Strauss-Kahn's affair had been "regrettable" but that he would stay in his post.
The managing director apologised this week for his brief liaison with IMF former senior economist Piroska Nagy.The managing director apologised this week for his brief liaison with IMF former senior economist Piroska Nagy.
The controversy comes as the IMF deals with the worst financial crisis since the Great Depression of the 1930s.The controversy comes as the IMF deals with the worst financial crisis since the Great Depression of the 1930s.
"The executive board noted that the incident was regrettable and reflected a serious error of judgment on the part of the managing director," the IMF's board of member countries said in a statement."The executive board noted that the incident was regrettable and reflected a serious error of judgment on the part of the managing director," the IMF's board of member countries said in a statement.
An investigation found, it added, that Mr Strauss-Kahn's affair with Ms Nagy, who worked in the IMF's Africa department as a senior economist until taking a buyout in August, had been consensual.An investigation found, it added, that Mr Strauss-Kahn's affair with Ms Nagy, who worked in the IMF's Africa department as a senior economist until taking a buyout in August, had been consensual.
Earlier, the IMF chief apologised in an e-mail to his staff for having the affair, which he described as "an error of judgement". In a statement to accompany the IMF board's findings on Saturday, Mr Strauss-Kahn again apologised for his actions.
His wife, French television personality Anne Sinclair, said that she and her husband had put what she called a "one-night stand" behind them. "I very much regret this incident and I accept responsibility for it," he said.
"I have apologised for it to the board, to the staff of the IMF and to my family. I would also like to reiterate my apology to the staff member concerned for the distress this process has caused."
The IMF chief's wife, French television personality Anne Sinclair, said earlier that she and her husband had put what she called a "one-night stand" behind them.
Ms Nagy, a Hungarian-born economist, is now working for a bank in London.Ms Nagy, a Hungarian-born economist, is now working for a bank in London.