Frank Stronach—Onetime Canadian Billionaire Auto Parts Mogul—Accused Of Sexual Assault Over Decades [Forbes]
Magna International, Inc. (MGA)
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Source: Forbes
Canadian billionaire Frank Stronach was arrested this week on sexual assault charges. Stronach, who was born in Austria, was charged on five counts, including rape, indecent assault, sexual assault and forcible confinement, following an investigation, police in Peel, Ontario, a suburb of Toronto. Attorney Brian Greenspan, who represents Stronach, said he “categorically denies the allegations of impropriety” and “looks forward to the opportunity to fully respond to the charges,” according to a statement obtained by (Stronach did not immediately respond to Forbes' request for comment). Details of the accusations were not immediately clear, though Peel Regional Police Constable Tyler Bell said there are multiple accusers, adding officials “won't confirm that number yet.” According to police, the incidents of assault took place beginning in the 1980s and as recently as last year. Stronach, the founder and former CEO of auto parts company Magna International, was released on unn
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MGA
Earnings
- 5/3/24 - Miss
MGA
Sec Filings
- 6/5/24 - Form SD
- 5/30/24 - Form 6-K
- 5/28/24 - Form 6-K
- MGA's page on the SEC website