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IMF Won't Punish Boss Over Affair

But 'serious error in judgment' sidetracked fund

By Wesley Oliver, Newser Staff

Posted Oct 26, 2008 9:08 AM CDT

(Newser) – The IMF’s governing board unanimously cleared its managing director of using his position to pursue an affair with a subordinate, the Wall Street Journal reports. Dominique Strauss-Kahn didn’t engage in “harassment, favoritism, or any other abuse of authority,” but his actions were “regrettable and reflected a serious error of judgment,” the board said, citing the incident as a major distraction for the fund.

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Anne Sinclair, the wife of IMF chief Dominique Strauss-Khan, said her husband's indiscretion was a "one-night stand," and that they personally have moved on. (AP Photo/Bob Edme, file)

The 24-member IMF board "concluded that there was no harassment, favoritism, or any other abuse of authority" by Mr. Strauss-Kahn. (AP Photo/Jose Luis Magana)

The International Monetary Fund's governing board unanimously found that Managing Director Dominique Strauss-Kahn didn't abuse his position in connection with a sexual relationship with a subordinate. (AP Photo/Jose Luis Magana)

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I personally spoke to him and informed him this should not happen again. - A. Shakour Shaalan, IMF board member

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IMF Won't Punish Boss Over Affair