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Inquiry says no abuse of authority by IMF chief

(Xinhua)
Updated: 2008-10-26 13:48

WASHINGTON -- The Executive Board of the International Monetary Fund (IMF) said on Saturday there was no harassment, favoritism or any other abuse of authority by Managing Director Dominique Strauss-Kahn.

International Monetary Fund Managing Director Dominique Strauss-Kahn speaks at the closing session of the annual International Monetary Fund-World Bank meeting in Washington, in this October 13, 2008 file photo. [Agencies]

An inquiry was launched into Strauss-Kahn's alleged improper conduct in his affair with his woman subordinate Piroska Nagy while both worked at the IMF.

Strauss-Kahn has admitted he had an affair with the woman economist, but he denied he had harassed her or abuse of power.

Despite clearing him of abuse of power, a statement issued by the board noted that the incident "was regrettable and reflected a serious error of judgment on the part of the managing director."