Frank Stronach: Billionaire arrested by police – accused of rape | EUROtoday

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Business 91-year-old Magna founder

Billionaire Stronach arrested by police – accused of rape

Canada Stronach Sexual Assault Canada Stronach Sexual Assault

Magna founder Frank Stronach will quickly must reply in courtroom

Source: AP/Matthias Schrader

The Austrian-Canadian billionaire Frank Stronach is suspected of being accountable for a number of sexual assaults, together with rape. The police didn’t need to give a particular variety of victims. The 91-year-old denies the allegations.

DCanadian police have arrested Austrian-Canadian billionaire Frank Stronach. The 91-year-old founding father of the automotive provider Magna is accused of sexual assault, in response to a press release from the Peel Region Police. Stronach was arrested on Friday and charged with 5 counts – together with rape, indecent assault, sexual assault and false imprisonment.

According to the police, the assaults came about between the Eighties and 2023. There are a number of alleged victims, stated a spokesman, however didn’t give the precise quantity. “Obviously this is a high-profile case. Our special unit for victims is obliged to protect the victims and that is why we remain vague,” the spokesman continued. The police additionally appealed to the general public to return ahead if anybody has additional info or has grow to be a sufferer themselves.

The 91-year-old was launched on bail and can quickly seem earlier than a courtroom in Brampton, Ontario, Canada, it’s stated.

Stronach denies allegations

Stronach's lawyer Brian Greenspan stated his shopper “categorically” denies all allegations in opposition to him. “He looks forward to the opportunity to fully respond to the allegations and to uphold his legacy as a philanthropist and as an icon of the Canadian business community,” Canadian media quoted him as saying.

A Magna spokesman stated Stronach has had no ties to the corporate since his departure in 2010. “We recently learned of the allegations against Frank Stronach,” the spokesman stated. Magna has no additional data of the allegations past what has been reported within the media.

Frank Stronach, the billionaire founding father of the auto provider Magna, is taken into account certainly one of Canada's wealthiest folks and a philanthropist. However, Stronach just lately made headlines when he sued his daughter Belinda, two grandchildren and former enterprise accomplice Alon Ossip in Ontario Superior Court in 2018 for greater than $500 million for allegedly mismanaging the household fortune.

Belinda Stronach, a former Canadian member of parliament, filed a countersuit in opposition to her father, claiming in her response that her father had misplaced big sums of cash on pet initiatives. The case was later settled.