Dominique Strauss-Kahn, Freed!

New York prosecutors on Friday will agree to waive bail for Dominique Strauss-Kahn, the former head of International Monetary Fund, freeing him from house arrest and returning his $1 million cash and $5 million bond, according to media reports.

Bloomberg Television reported that Strauss-Kahn, who was charged in May with sexually assaulting a hotel maid, will be released on his own recognizance after spending weeks under home confinement and electronic monitoring.

Earlier, the New York Times reported that the case against Strauss-Kahn, is reportedly close to collapse after prosecutors raised concerns about the credibility of his accuser.


Dominique Strauss-Kahn (center) departs a New York Police Department office after his arrest in May.

On Thursday, the Times said that investigators had concerns about the hotel maid, citing two law-enforcement officials, including one who told the newspaper that the woman had repeatedly lied since making her initial allegation on May 14.

Among the concerns are discoveries that the maid considered financial gain, had questionable relationships with at least one alleged drug dealer and other issues in her past, the reports said.

Strauss-Kahn — once thought to be a front-running candidate for the French presidency — resigned as IMF chief in the wake of the allegations.

Will this man become the next President of France? The Picture is all telling, Money and Power make the world go round!