Report: Prosecutors agree to release Strauss-Kahn

It has been reported that US prosecutors have agreed to free former IMF chief Dominique Strauss-Kahn from house arrest and return his bail money.

It comes after they admitted major problems with his accuser's credibility.

If the judge agrees, Strauss-Kahn would be freed "on his own recognisance," meaning he could travel freely in the United States and have his $1m bail and $5m bond returned.

He is appearing in court in New York this afternoon.