Billionaire Frank Stronach, 91, Arrested on Sexual Assault Charges

June 8th, 4:00 PM EDT

By NEWSnet Digital Team

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TORONTO (NEWSnet/AP) — Auto parts billionaire Frank Stronach was arrested on sexual assault charges.

The 91-year-old was charged Friday with five crimes, including rape, indecent assault on a female, sexual assault and forcible confinement, Peel Regional Police said.

He was released with conditions and will appear on an unspecified date at Ontario Court of Justice in Brampton.

Peel Regional Police Constable Tyler Bell said there is more than one accuser.

Police allege sexual assaults began in the 1980s and extended to as recently as 2023. Bell said they are appealing for people to come forward if they have information or have been victims.

Stronach became one of Canada’s wealthiest people by creating Magna in his garage in 1957 and building it into one of the world’s largest suppliers of auto parts.

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