The former head of the International Monetary Fund, Dominique Strauss-Kahn, has been released from a sexual assault charges, several days after his arrest on sexual assault charges.

A New York judge Friday ordered the release of Strauss-Kahn after he posted $1 million in bail and a $5 million insurance bond.

Former IMF Head Released From New York Jail

State Supreme Court Justice Michael Obus assigned Strauss-Kahn to a temporary housing location in the Manhattan borough of New York City. Armed guards will watch him, and he will be monitored electronically.

Former IMF Head Released From New York Jail

Strauss-Kahn was accused of sexually assaulting a New York hotel maid last week and could face decades in prison if convicted. He has denied the charges against him.

Former IMF Head Released From New York Jail

Earlier this week, he resigned from the top job at the IMF.

Strauss-Kahn faces another court hearing [an arraignment] on June 6, when a judge will describe the charges against the defendant and make sure he understands his legal rights.

Strauss-Kahn is a former French finance minister, and had been expected to soon declare his candidacy for the French presidency.