Amid increasing pressure, Dominique Strauss-Kahn resigned as managing director of the International Monetary Fund, after he was arrested on sexual-assault charges. "I deny with the greatest possible firmness all of the allegations that have been made against me," Strauss-Kahn wrote in a letter to the IMF board. His resignation is effective immediately. "I want to protect this institution which I have served with honor and devotion, and especially -- especially -- I want to devote all my strength, all my time, and all my energy to proving my innocence," according to the letter.
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