(REUTERS) – It was expected and now it’s official.
Dominique Strauss-Kahn’s lawyer leaves a French court with the news of his client’s acquittal.
DSK, as he’s known in France, was found not guilty of hiring prostitutes for a party he and others attended.
LAWYER FOR FORMER IMF CHIEF DOMINIQUE STRAUSS-KAHN, HENRI LECLERC,
“The judgement was given, everyone saw that there was absolutely no legal basis for this case, and all the enormous fuss which surrounded this case gives everyone something to think about.”
The state prosecutor said in February there wasn’t enough proof for a conviction.
If found guilty, the 66-year-old former IMF chief could have faced a 10-year prison sentence and a fine of up to 1.5 million euros.
James Bevan is chief investment office at CCLA.
JAMES BEVAN, CHIEF FINANCIAL OFFICER, CCLA INVESTMENT MANAGEMENT,
“What it does say is that noone is above the law and it is critical that global institutions are subject to the full weight of the law and in this case I think that the transparency and speed once the accusations were known, have been excellent.”
It marks the final episode of legal battles on both sides of the Atlantic.
The verdict comes four years after separate sex assault accusations by a New York hotel maid ended DSK’s ambitions to become president of France.
Local media said the damage to his reputation almost certainly rules out a political comeback.