A New York grand jury indicted Dominique Strauss-Kahn, the former chief of the International Monetary Fund (IMF) on seven counts in connection with the alleged sexual assault on a hotel maid in Times Square last weekend.

Strauss-Kahn is currently in court seeking bail and a release from the prison cell in Rikers Island prison, where he has been remanded since Saturday.

The grand jury, which yesterday heard testimony from the alleged victim, will now move ahead to try Strauss-Kahn on charges that he allegedly forced the 32-year-old woman to submit to oral and anal sex. The disgraced ex-IMF boss is also accused of attempted rape.

Strauss-Kahn was already denied bail earlier in the week as he was deemed to be a flight risk. His lawyers have proposed a revised $1-million bail package under which Strauss-Kahn will remain under house arrest at a Manhattan residence and will wear an electronic monitoring device.

Strauss-Kahn has already surrendered his passport, making it impossible for him to flee the country.

An arraignment hearing is scheduled for tomorrow. Strauss-Kahn is expected to formally plead not guilty.