He further stated,
"I agree with the board that the personal behavior of the managing director sets an important tone for the institution and I am committed, going forward, to uphold the high standards that are expected of this position," he said in the statement.
Update: He's pleading not guilty and there's speculation as to whether his immunity as I.M.F. leader applies.
MF bylaws state that its officials "shall be immune from legal process with respect to acts performed by them in their official capacity except when the fund waives this immunity.Happily, the New York Deputy Police Commissioner Paul Browne says Strauss-Kahn doesn't have immunity, nor has he tried to claim it.