By Canadian Press

Frank Stronach faces new sex assault charges involving three additional complainants

Oct 3, 2024 | 1:13 PM

Court documents show billionaire businessman Frank Stronach is facing more sexual assault charges involving three additional complainants whose allegations date back to the 1980s and 1990s.

The latest charges bring the total number of accusers in his case to 13.

The 92-year-old Stronach was first charged in early June with five sex-related offences involving three complainants, with more charges filed against him later that month as other complainants came forward.

Court documents filed in a Brampton, Ont., courthouse last week show that Stronach now stands accused of five additional offences, including sexual assault and indecent assault, for a total of 18 charges.

The offences are alleged to have occurred in Toronto and the hamlet of Gormley, Ont., north of the city.

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Stronach has previously denied all allegations against him, claiming in a CBC interview that his accusers are motivated by money.

Stronach, who was born in Austria, became one of Canada’s wealthiest people by creating auto parts giant Magna in his garage in 1957.

He also founded The Stronach Group, a company that specializes in horse racing, and founded Stronach International in 2018, a company focusing on organic foods and “micro-electric mobility.”

Stronach resigned as Magna’s chairman in 2011 and founded his own political party in his native Austria the following year.

Magna International Inc. said Thursday it has launched a targeted review of its historical records in response to the charges against Stronach.

Magna spokeswoman Tracy Fuerst said if any relevant information is found, the company — which is not facing any criminal or civil allegations — will follow a strict protocol to respect the legal rights of all and co-operate with authorities.

This report by The Canadian Press was first published Oct. 3, 2024.

Sonja Puzic, The Canadian Press