New York (CNN) -- The Egyptian executive accused of sexually abusing an employee at a luxury hotel in New York posted $25,000 cash bail Friday morning, according to his attorney.
Mahmoud Abdel-Salam Omar, 74, the chairman of a salt company who once headed an Egyptian bank, is charged with sexual abuse, unlawful imprisonment, forcible touching and harassment, police said.
Though he is not not legally bound to remain in the city, attorney Lori Cohen said, the defendant was ordered to surrender all travel documents.
Omar pleaded not guilty, Cohen said.
The Manhattan district attorney's office said prosecutors need more time to present their case.
The alleged incident took place at the Pierre hotel on May 29, two weeks and a day after Dominique Strauss-Kahn, then head of the International Monetary Fund, was accused of sexually assaulting and attempting to rape a housekeeping employee at another New York luxury hotel.
Strauss-Kahn's attorneys deny the allegations, and he has stepped down from the IMF to focus on his defense.
Omar has not made any public statements.
The accuser told police the attack took place when she went to Omar's room to drop off tissues he had requested. Authorities did not release additional details.
Omar is chairman of El-Mex Salines Co.
On its website, the company describes itself as a subsidiary of Chemical Industries Holding Co., a chemical production company. It is "one of the oldest international companies in (the) salt industry," the website says.
A spokesman for El-Mex Salines said Omar was head of the Bank of Alexandria 15 years ago.
El-Mex Salines had no immediate comment on the arrest.
The Bank of Alexandria was established in 1957 as an Egyptian joint stock company, according to its website. It was privatized in 2006.
Omar's trial begins August 23.