Austro-Canadian billionaire Frank Stronach of his party Team Stronach arrives at the parliament for a TV discussion during national elections in Vienna, Austria, Sept. 29, 2013.Canadian businessman Frank Stronach has been arrested and charged in connection with an investigation into alleged sexual assaults spanning from the 1980s to as recently as 2023, according to Peel Regional Police .
Peel Police Chief Nishan Duraiappah confirmed to The Globe and Mail that the accused is Mr. Stronach, though he otherwise declined to comment on the case. Tracy Fuerst, vice-president, corporate communications with Magna, said in an e-mail that the company had recently been made aware of the charges filed against Mr. Stronach, but that Magna has no knowledge of the investigation or the allegations that have been raised beyond what has been reported in the media.
Mr. Stronach was born in Austria and founded Magna International in 1957, then built the company into a multibillion-dollar global supplier of automotive parts.
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