Canadian business magnate Frank Stronach, 91, has been charged with multiple sexual assault-related offences following an investigation by the Special Victims Unit of the Region of Peel.
The alleged incidents span from the 1980s to as recently as 2023, according to a press release by law enforcement.
Stronach, the founder and former chief executive of auto parts manufacturing giant Magna International, was arrested on June 7, 2024, and charged with five criminal offences.
The charges include one count of rape, one count of indecent assault on a female, one count of forcible confinement, and two counts of sexual assault.
The Peel Regional Police have released a statement urging anyone with information to come forward, as they believe there may be more victims.
In a statement shared with multiple media outlets, Stronach’s lawyer, Brian Greenspan, said Stronach “categorically denies the allegations of impropriety which have been brought against him.”
“He looks forward to the opportunity to fully respond to the charges and to maintain his legacy both as a philanthropist and as an icon of the Canadian business community,” Greenspan said.
Stronach has been released with conditions and is scheduled to appear at the Ontario Court of Justice in Brampton Saturday.
In response to the charges, Magna International stated it was unaware of the investigation or the allegations against Stronach.
The company emphasized that Stronach is no longer involved in the day-to-day operations of the business.
The case has attracted significant attention due to Stronach’s high-profile status in the business world and his previous political involvement. His daughter, Belinda, served as a member of the Canadian House of Commons.
Stronach also published a regular column with the National Post, which the outlet has since suspended pending investigation.
The last piece published by Stronach in the newspaper was on Jun. 4.
