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Frank Stronach Faces Additional Sexual Assault Charges

The billionaire founder of Magna International is now facing 18 charges from 13 complainants, prompting an internal review by the company.

  • Frank Stronach, aged 92, has been charged with five additional counts of sexual assault, bringing the total to 18 charges involving 13 women.
  • The charges span alleged incidents from 1977 to as recently as February 2024, occurring in Toronto and Gormley, Ontario.
  • Stronach has denied all accusations, claiming in interviews that the allegations are financially motivated, and has vowed to contest the charges in court.
  • Magna International, which Stronach founded, has initiated an internal review of historical records in response to the charges, despite not facing any allegations itself.
  • Magna's review has so far uncovered one previously reported settlement related to a historical harassment allegation against Stronach.
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