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HomeFinanceFrank Stronach, auto elements billionaire, arrested on sexual assault expenses

Frank Stronach, auto elements billionaire, arrested on sexual assault expenses



Austrian-Canadian auto elements billionaire Frank Stronach was arrested on sexual assault expenses spanning many years, police stated.

The 91-year-old was charged Friday with 5 crimes together with rape, indecent assault on a feminine, sexual assault and forcible confinement, Peel Regional Police stated. He was launched with situations and can seem on the Ontario Court docket of Justice in Brampton, Ontario, at a later date, the police assertion stated.

Peel Regional Police Constable Tyler Bell stated there’s multiple accuser however declined to say what number of.

“Clearly, this can be a high-profile case. Our particular victims unit is sure to guard the victims and in doing in order that’s why had been are being imprecise,” Bell stated. “There may be multiple sufferer however we gained’t affirm that quantity but.”

Police allege the sexual assaults occurred from the Nineteen Eighties to as latest as 2023. Bell stated they’re interesting for individuals to return ahead if they’ve info or have been victims.

Stronach didn’t instantly reply to a request for remark.

He has employed outstanding Canadian protection lawyer Brian Greenspan.

“Mr. Stronach categorically denies the allegations of impropriety which have been introduced in opposition to him,” Greenspan stated in an e-mail. “He appears to be like ahead to the chance to totally reply to the costs and to keep up his legacy each as a philanthropist and as an icon of the Canadian enterprise neighborhood.”

Stronach, born in Austria, turned certainly one of Canada’s wealthiest individuals by creating Magna in his storage in 1957 and constructing it into one of many world’s largest suppliers of auto elements.

He additionally based The Stronach Group, an organization specializing in horse racing. He made a short foray into Austrian politics greater than a decade in the past and has been named to the Order of Canada, one of many nation’s highest honors.

A Magna spokesperson stated Stronach has had no affiliation with the corporate since relinquishing management in 2010.

“Now we have not too long ago been made conscious of the costs filed in opposition to Frank Stronach,” Dave Niemiec stated in an electronic mail Friday night. “Magna has no data of the investigation or the allegations which have been raised past what has been reported within the media.”

Niemiec stated the corporate wouldn’t remark additional on the continuing authorized matter.

In 2018, Stronach sued his daughter, two grandchildren and former enterprise affiliate Alon Ossip for over $500 million in Ontario Superior Court docket alleging they mismanaged the household’s belongings which he wished to take again management of.

Belinda Stronach, a former Canadian Member of Parliament, countersued her father, saying in a press release of protection that he misplaced huge sums of cash on pet initiatives.

The case was later settled.

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