Brian McDonald
Austrian-Canadian auto parts billionaire Frank Stronach has been arrested on decades-long sexual assault allegations, police said.
The 91-year-old man was charged Friday with five offenses including rape, indecent assault of a woman, sexual assault and forcible confinement, Peel Regional Police said. He was released with conditions and will appear in the Ontario Court of Justice in Brampton, Ont., at a later date, the police statement said.
Peel Regional Police Officer Tyler Bell said there is more than one accuser, but declined to say how many.
“Obviously, this is a high-profile case. Our special victims unit is obligated to protect victims, and in doing so, that’s why we’re being vague,” Bell said. “There is more than one victim, but we will not confirm that number yet.”
Police allege the sexual assaults occurred from the 1980s until 2023. Bell said they are appealing for people to come forward if they have information or have been victims.
Stronach did not immediately respond to a request for comment.
He hired prominent Canadian defense lawyer Brian Greenspan.
“Mr. Stronach categorically denies the allegations of impropriety that have been made against him,” Greenspan said in an email. “He looks forward to the opportunity to fully respond to the allegations and to maintain his legacy as a philanthropist and as an icon of the Canadian business community.”
Austrian-born Stronach became one of Canada’s richest people when he created Magna in his garage in 1957 and built it into one of the world’s largest suppliers of auto parts.
He also founded The Stronach Group, a company specializing in horse racing. He made a brief foray into Austrian politics more than a decade ago and was named to the Order of Canada, one of the country’s highest honors.
A Magna spokesperson said Stronach has had no affiliation with the company since relinquishing control in 2010.
“We were recently made aware of the charges filed against Frank Stronach,” Dave Niemiec said in an email Friday evening. “Magna is not aware of the investigation or the allegations that have been raised beyond what has been reported in the media.”
Niemiec said the company would not comment further on the ongoing legal matter.
In 2018, Stronach sued his daughter, two grandchildren and former business partner Alon Ossip for more than $500 million in Ontario Superior Court, alleging they mismanaged family assets that he wanted to regain control of.
Belinda Stronach, a former member of the Canadian Parliament, counterattacked her father, stating in a statement of defense that he lost vast sums of money on pet projects.
The case was later resolved.
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