Dominique Strauss-Kahn joined the supervisory slate of a bank owned by Rosneft, a Russian state oil major. Strauss-Khan, who is a former International Monetary Fund chief, will be part of the Russian Regional Development Bank'ss supervisory board.
In 2011, Strauss-Kahn was ousted from IMF over a sex scandal involving a New York hotel maid.
The bank's regulatory filing confirmed this information but Rosneft made no confirmation yet, a Reuters report stated.
The development came a week after Rosneft announced the bank's reorganization wherein three individuals departed. Walid Chammah, Rair Simonyan and Elena Titova, all of whom are past Morgan Stanley veterans, were hired last year to revamp Rosneft's fiscal assets. They were also tasked to create policy to protect its oil trading operation.
Rosneft became the largest listed oil firm by production in the world after it took over TBK-BP, an Anglo-Russian oil venture, last March. The said deal was valued at US $55 billion.
In 2011, Strauss-Kahn was ousted from IMF over a sex scandal involving a New York maid. Although the controversy destroyed his IMF career, a U.S. court dismissed the charges against him.
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