Dominique Stauss-Kahn, the former chief of IMF, recently spent a night in jail before being questioned by French police the next day regarding an incident involving prostitutes he may have used.
The police were looking for information on these prostitutes that were brought to Strauss-Kahn by his friends.
The former IMF managing director once aspired to become the next French president; however, his dreams were crushed, thanks to his arrest in New York for sex assault charges. They were dropped, but he has been plagued by an investigation on a prostitution ring in the northern French city of Lille ever since the run-in with American authorities.
The prostitution ring is believed by police to have been organized by business acquaintances of Strauss-Kahn-supplied clients of Lille's luxury Carlton Hotel. The police want to find out if Strauss-Kahn was aware of the prostitutes that were attending parties with him in Lille, Paris and Washington.
His lawyer claims that he was unaware of the profession of these women.
Strauss-Kahn will be released from police custody sometime later on Wednesday, a source close to the case to MSNBC.
However, he will most likely be placed under official judicial investigation. This will not be announced until a later date.
Investigators now have the option of continuing the investigation on Strauss-Kahn or deciding to drop it completely.
If they choose to investigate further into the matter, they could be looking to find out if he was complying with a pimping operation or benefiting from misappropriated company funds by attending sessions with prostitutes that were paid for using expense accounts by other executives in the company.
Strauss-Kahn, now 62, has not released a comment regarding these incidents. He first arrived at the Lille police station in France early on Tuesday morning for his questioning.