Canadian billionaire of Austrian origin Frank Stronach, who became one of the richest people in Canada from supplies of auto parts, was arrested on allegations of sexual abuse spanning decades, the Associated Press reported, citing BTA, citing a police statement.
The 91-year-old man was charged that day with five offences, including rape, indecent assault on a woman, sexual assault and forcible imprisonment, Peel police in the Canadian metropolis of Toronto said. Stronach has been released on bail and is due to appear in court in Brampton, Ontario at a later date, police said in a statement.
Tyler Bell of Peel Regional Police said there was more than one accuser, but declined to say how many. Police say the sexual assaults took place from the 1980s to as recently as 2023, urging people to call if they have information or have been victims.
The suspect has not yet responded to The Associated Press' request for comment.
Stronach, who was born in Austria, became one of Canada's richest men by founding the company "Magna" (Magna) in his garage in 1957 and turned it into one of the largest suppliers of auto parts in the world.
Founds and "Stronach Group" (The Stronach Group), a company specializing in horse racing. More than a decade ago, he briefly ventured into Austrian politics and was named a Companion of the Order of Canada - one of the highest honors in the country.
Speaker of "Magna" said Stronach is not currently associated with the company since he relinquished control of it in 2010.