Auto components billionaire, 91, arrested on sexual assault fees spanning a long time

A 91-year-old billionaire was arrested on Friday for sexual assault fees that span a number of a long time.

Frank Stronach, who as soon as oversaw a sprawling auto-parts empire, was charged with 5 prison offences, together with rape, sexual assault, indecent assault on a feminine, and forcible confinement. 

The Peel Regional Police revealed that the alleged sexual assaults lasted from the Eighties to 2023.

The Austrian-Canadian businessman was arrested within the posh Toronto suburb of Aurora, earlier than being launched on circumstances. 

In line with a police assertion, Stronach will seem on the Ontario Courtroom of Justice in Brampton at a later date. 

The Peel Regional Police revealed that the alleged sexual assaults panned from the Eighties to 2023. 

Stronach with Carmen Stamboli on the Miss Vienna contest in 2014.  The Austrian-Canadian businessman was arrested within the posh Toronto suburb of Aurora

Stronach's defense attorney stated that the billionaire 'categorically denies' all of the allegations

Stronach’s protection lawyer said that the billionaire ‘categorically denies’ the entire allegations

Peel Regional Police Constable Tyler Bell confirmed that there have been a number of accusers, however he declined to specify how massive the quantity was.

‘Clearly, this can be a high-profile case. Our particular victims unit is certain to guard the victims and in doing in order that’s why we’re being imprecise,’ Bell stated.

‘There may be multiple sufferer however we can’t affirm that quantity but,’ he added.

To go up his protection crew, Stronach has tapped distinguished lawyer Brian Greenspan, whose earlier notable shoppers included Naomi Campbell and Justin Bieber. 

In an announcement, Greenspan stated that the 91-year-old billionaire ‘categorically denies’ the entire allegations which were introduced towards him. 

Greenspan continued: ‘He appears to be like ahead to the chance to completely reply to the costs and to keep up his legacy as a philanthropist and as an icon of the Canadian enterprise group.’

Born in Austria in 1932, Stronach grew up underneath Nazi rule earlier than transferring to Canada within the mid-50s.

In 1957, the entrepreneur launched Magna in his storage, and through the years, he constructed it into one of many world’s largest suppliers of auto components.

In 1957, Stronach launched Magna in his garage, and over the years, he built it into one of the world's biggest suppliers of auto parts. Outside of business, he's dabbled in politics, forming the Austrian political party Team Stronach in 2013. Here Stronach is pictured at the final election campaign in Vienna

In 1957, Stronach launched Magna in his storage, and through the years, he constructed it into one of many world’s largest suppliers of auto components. Outdoors of enterprise, he is dabbled in politics, forming the Austrian political celebration Workforce Stronach in 2013. Right here Stronach is pictured on the closing election marketing campaign in Vienna

Stronach was named to the Order of Canada, one of the nation's most prestigious honors. Pictured here with Stronach is his wife, Elfriede, (far left) and daughter, Belinda, (middle)

Stronach was named to the Order of Canada, one of many nation’s most prestigious honors. Pictured right here with Stronach is his spouse, Elfriede, (far left) and daughter, Belinda, (center)

Magna presently has a market capitalization of $12.52 billion.

The auto-parts large issued an announcement saying that they’d ‘no information of the investigation or the allegations which were raised past what has been reported within the media.’

They additional famous that ‘Stronach has had no affiliation with Magna since he relinquished management in 2010.’

A number of the entrepreneur’s different enterprise ventures included the creation of The Stronach Group, an organization that makes a speciality of horse racing. 

In 2013, the auto-parts tycoon returned to Austria, the place he dabbled in politics by founding and main a populist right-wing political celebration referred to as Workforce Stronach for Austria. 

Two months later, Stronach moved again to Canada, the place he named to the Order of Canada, one of many nation’s most prestigious distinctions. 

Some of the entrepreneur's other business ventures included the creation of The Stronach Group, a company that specializes in horse racing

A number of the entrepreneur’s different enterprise ventures included the creation of The Stronach Group, an organization that makes a speciality of horse racing

In 2018, the billionaire sued his daughter (pictured), two grandchildren, and former business associate Alon Ossip for over $500 million in Ontario Superior Court

In 2018, the billionaire sued his daughter (pictured), two grandchildren, and former enterprise affiliate Alon Ossip for over $500 million in Ontario Superior Courtroom

In 2018, the billionaire sued his daughter, two grandchildren, and former enterprise affiliate Alon Ossip for over $500 million in Ontario Superior Courtroom. 

Stronach alleged that they’d mismanaged the household’s property, of which he wished to regain management. 

Belinda Stronach, a former Canadian Member of Parliament and CEO of Magna, countersued her father, saying that he had misplaced an infinite sum of money on pet tasks. 

The case was finally settled.  

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