Canadian-Austrian auto parts billionaire arrested on multiple sexual assault charges

Frank Stronach, a wealthy auto parts billionaire, has been arrested on sexual assault charges dating back decades. The 91-year-old faces five charges, including rape and sexual assault. Police are urging other potential victims to come forward. Stronach denies the allegations and has hired a prominent defense lawyer. He founded Magna, a major auto parts supplier, and The Stronach Group specializing in horse racing. He has had no affiliation with Magna since 2010. In 2018, Stronach sued his daughter and others for mismanaging family assets, but the case was settled.


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