Dominique Strauss-Kahn has been granted bail by a judge in a New York court, after being formally charged with trying to rape a hotel maid.
Mr Strauss-Kahn had earlier resigned as the International Monetary Fund's boss.
His lawyers said he was honourable and would not try to abscond. Prosecutors said he had "incentive to flee".
Supreme Court Justice Michael Obus imposed $1m cash bail and said there must be 24-hour home detention, with an armed guard and electronic monitoring.
The judge said one armed guard must be deployed at all times, at Mr Strauss-Kahn's expense, and the defendant must surrender all travel documents. In addition to the $1m (£618,000) cash bail, a $5m insurance bond would also apply.
Mr Strauss-Kahn will spend a fourth night at the notorious Rikers Island prison on Thursday before the bail papers are signed.
He will appear in court again on 6 June, when he will formally enter a plea. He has denied all the accusations against him.
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