Banking chief to face trial, private equity head said recovered after alleged AGM collapse

Dominique Strauss-Kahn

Former IMF chief Dominique Strauss-Kahn is to face trial on pimping charges, French prosecutors say.

BBC News reports that investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.

The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes.

The case is the last of the sex-related allegations faced by Strauss-Kahn.

A series of lurid claims have been made about the high profile French figure since he was arrested in New York in May 2011 after a hotel maid said he had tried to rape her.

Strauss-Kahn to face pimping trial

In the meantime, The New York Posts that 47-year-old Alex Navab, who is co-head of private-equity for North America, collapsed during the annual meeting for fund investors in Los Angeles on June 25, according to three sources.

Members of Roberts’ personal security team, who are trained in CPR and were on hand for the event, were able to revive him, sources said.

Navab was diagnosed with cardiac arrhythmia, a problem with the rate or rhythm of the heartbeat, according to one source.

A KKR spokesperson said, 'Alex is in excellent health and he has been back at full strength and full time at work for well over two weeks'.

KKR draws healthy skeptics after co-head collapses during investor meeting

image: © World Economic Forum

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts