Austrian-Canadian auto parts billionaire Frank Stronach has been arrested on sexual assault charges that span decades, according to Peel Regional Police. The 91-year-old has been charged with five crimes, including rape, indecent assault on a female, sexual assault, and forcible confinement. While there is more than one accuser, the police have not disclosed the exact number. The special victims unit is keeping details vague in order to protect the victims. Stronach was released with conditions and will appear in court at a later date.
The alleged sexual assaults took place from the 1980s up until 2023. The police are urging anyone with information or who may have been a victim to come forward. This case has garnered significant attention due to Stronach’s high profile. Tyler Bell, a constable for Peel Regional Police, emphasized their commitment to protecting the victims, which is why they are not disclosing specific details at this time.
Stronach, originally from Austria, rose to become one of Canada’s wealthiest individuals after founding Magna in his garage in 1957. Magna has since become one of the world’s largest suppliers of auto parts. Additionally, Stronach founded The Stronach Group, a company specializing in horse racing. Despite his success in business, Stronach briefly entered Austrian politics over a decade ago and has received the Order of Canada, a prestigious national honor.
It is important to note that Stronach severed ties with Magna in 2010 and has had no affiliation with the company since then. Dave Niemiec, a spokesperson for Magna, stated that the company is unaware of the investigation or the specific allegations against Stronach beyond what has been reported in the media. As a result, they cannot provide further comment on the ongoing legal matter.
In 2018, Stronach made headlines when he sued his daughter, two grandchildren, and former business associate for over $500 million, accusing them of mismanaging the family’s assets and conspiring against him. In response, Belinda Stronach, a former Canadian Member of Parliament, countersued her father, claiming that he had lost substantial amounts of money on personal projects. The case was eventually settled.
The arrest of Frank Stronach on sexual assault charges covering decades has sparked public interest and raised important questions about accountability and justice. It serves as a reminder that allegations of sexual assault should be taken seriously, regardless of the individual’s status or wealth. The legal process will determine the truth behind these charges, and it is crucial that all victims feel supported and empowered to come forward with their experiences.
