{{Disgraced former International Monetary Fund (IMF) chief Dominique Strauss-Kahn arrived in South Sudan on Monday to open a new bank, marking a rare return to the financial world since his career was derailed by a lurid sex scandal two years ago.}}<\/p>\n
Speaking to reporters at the start of his two-day visit, Strauss-Kahn said he planned to open the National Credit Bank (NCB), as well as explore investment opportunities in the new nation.<\/p>\n
Few details have been made public about the NCB bank. However, officials said the Swiss-backed private venture was being launched in cooperation with South Sudanese partners.<\/p>\n
Straus-Kahn was greeted by South Sudan\u2019s minister of commerce, Garang Diing, following his arrival in Juba.<\/p>\n
\u201cThis visit is very important to us \u2026 especially in relation to investment attraction to South Sudan,\u201d Diing told Press.<\/p>\n
\u201cHe (Straus-Kahn) wants to see how South Sudan is prospering in terms of peace, stability, democracy and economic performance,\u201d he added.<\/p>\n
The one-time French presidential hopeful and former IMF boss suffered a spectacular downfall after a New York hotel maid accused him of sexual assault in May 2011.<\/p>\n
Strauss-Kahn, who has always insisted his sexual relations with the maid were consensual, was forced to resign his post in the wake of the scandal; in which allegations surfaced he was also criminally involved in a France-based prostitution ring.<\/p>\n
In August 2011, prosecutors dropped all criminal charges, saying that the alleged victim, Nafissatou Diallo, was not a credible witness.<\/p>\n
Strauss-Kahn quickly returned to France and later settled a civil suit filed by Diallo for an undisclosed sum.<\/p>\n
In an extensive interview with France\u2019s weekly Le Point magazine last October, Strauss-Kahn, who now works as a freelance financial consultant, said he was \u201clooking at getting involved in big international projects\u201d.<\/p>\n
Although rich in natural resources, South Sudan remains grossly under-developed since splitting from the north in July 2011, with vast sections of the population still living beneath the poverty line.<\/p>\n
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