for keeping the institution central to the global monetary system". John Lipsky, the IMF's second-in-command, was named acting Managing Director on 15 May 2011. Strauss-Kahn resigned from the IMF on 18 May 2011, after being arrested by New York police on 15 May over allegations of sexual assault. He was on a plane, about to take off, when airport police asked that the plane be stopped; he was escorted off the plane and interviewed by police. The case was later settled for an undisclosed amount, with the Associated Press and The Atlantic reporting that it was rumoured to be around $6 million. Timeline Managing Director of the International Monetary Fund, 2007–2011 (resignation – sexual assault case) Governmental functions Minister of Industry and Foreign trade, 1991–1993. Minister of Economy, Finance and Industry, 1997–1999 (resignation). Electoral mandates Member of the National Assembly of France for Val d'Oise (8th constituency) : 1988–1991 (he became minister in 1991) / Reelected in 1997, but he became minister / 2001–2007 (resigned on becoming Managing Director of the IMF in 2007). Elected in 1988, reelected in 1997, 2001, 2002, 2007. Member of the National Assembly of France for Savoie : 1986-1988. Regional Council Regional councillor of Ile-de-France, 1998–2001 (resignation). Municipal Council Mayor of Sarcelles, 1995–1997 (resignation). Deputy-mayor of Sarcelles, 1997–2007 (resigned on becoming Managing Director of the IMF in 2007). Reelected in 2001. Municipal councillor of Sarcelles, 1989–2007 (resigned on becoming Managing Director of the IMF in 2007). Reelected in 1995, 2001. Agglomeration community Council President of the Agglomeration community of Val de France, 2002–2007 (resigned on becoming Managing Director of the IMF in 2007). Member of the Agglomeration community of Val de France, 2002–2007 (resigned on becoming Managing Director of the IMF in 2007). Board of Russian Regional Development Bank (2013–) In July 2013, Strauss-Kahn accepted a position as a board member of the Russian Regional Development Bank: a banking subsidiary of the Russian state oil company Rosneft. Shortly after that he also accepted a similar position at the Russian Direct Investment Fund. Activities in Ukraine He was a member of the Supervisory board of the bank Kredit Dnipro and involved himself in the bank Arjil, for which he raised advisory assignments to the Serbian Government in 2013 and to the Tunisian Government in 2016. Adviser to the Serbian Government On 13 September 2013, it was announced by Serbian Deputy Prime Minister Aleksandar Vučić that Strauss-Kahn