By Imogen Knowles

International Monetary Fund Chief Dominique Strauss-Kahn has resigned after sexual assault charges were made against him.

Mr Strauss-Kahn said it is with infinite sadness that he feels compelled to resign from the executive board.

He denies all allegations that have been made against him.

“I think at this time first of my wife, whom I love more than anything, of my children, of my family, of my friends,” Mr Strauss-Kahn said in a statement.

“I think also of my colleagues at the fund- together we have accomplished such great things over the last three years and more.

“To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me.

“I want to protect this institution which I have served with honour and devotion, and especially- especially- I want to devote all my strength, all my time, and all my energy to providing my innocence,” he said.

Mr Strauss-Kahn was jailed in New York after he allegedly attempted to rape a 32-year-old Manhattan hotel maid.