Billionaire Frank Stronach, 91, is arrested again on eight new sexual assault and rape charges as investigators claim they ‘have identified additional victims’

Stronach, the founder of auto-parts giant Magna, was accused on June 7, of sexually assaulting three women beginning in the 1980s and lasting up until 2023

He was initially facing five criminal offenses, including rape, sexual assault, indecent assault on a female, and forcible confinement

Those charges have not been proven in court

Police said Wednesday that they ‘have identified additional victims’ and charged him with eight more counts of sexual assault

Peel Regional Police previously said that there were multiple accusers

Austrian-Canadian automotive billionaire Frank Stronach, [photo], 91, was initially arrested on June 7, in the posh Toronto suburb of Aurora and charged with five counts of sexual battery. Yesterday he was again arrested on more counts of sexual assault and rape after new complaints surfaced

Automotive billionaire Frank Stronach has been arrested once again, and is now facing even more sexual assault and rape charges.
91-year-old Stronach, founder of auto-parts giant Magna, was initially arrested early June on several counts of sexual assault involving three women, beginning in the 1980s and lasting up until 2023.
He was then charged with five criminal offenses, including rape, sexual assault, indecent assault on a female, and forcible confinement. Those charges are yet to be been proven in court.
On Wednesday, Peel Regional Police said they ‘have identified additional victims’ and charged him with eight more counts of sexual assault. 
The eight new charges include six counts of sexual assault, one count attempted rape and one count of indecent assault on a female, the Toronto Star reports.

Stronach launched his automotive parts supply business, Magna, in his garage. In 67 years Magna has grown into one of the world’s biggest players in the sector.

Peel Regional Police Constable Tyler Bell previously noted that there were multiple accusers, while declining to specify the potential number of victims out there, said: ‘Obviously, this is a high-profile case. Our special victims unit is bound to protect the victims and in doing so that’s why we’re being vague,’ Bell said.
‘There is more than one victim but we won’t confirm that number yet,’ he added.
It remains unclear how many additional victims may have come forward to accuse Stronach of sexual assault since his arrest on June 7.
One alleged victim is said to have reached out to police within hours of the first charges being announced, CBC, reports.
Another woman, author Jane Boon, also claimed in an op-ed that Stronach had sex with her when she was just 19 years old and he was 54.
She wrote that the Austrian-Canadian businessman interviewed her when she was a high school student and selected her for a scholarship to GMI – now Kettering University – in Flint, Michigan to study engineering.

Frank Stronach seen [right], with his late wife, Elfriede, and daughter, Belinda, [center], was named to the Order of Canada, one of the nation’s most prestigious honors

While in school in 1986, she claimed she attended Magna’s annual shareholders meeting and was invited to an afterparty at Stronach’s Toronto restaurant, Rooney’s.
Towards the end of the dinner, Boon said Stronach insisted on driving her to Magna’s corporate guest house in Ontario, and they had sex.
Boon has not complained to cops about the incident, according to the Globe and Mail, but said she is now feeling uneasy about the encounter.
‘At the time, I thought it was consensual,’ she wrote. ‘But if it wasn’t rape, it certainly wasn’t right.’ 

Author Jane Boon, [photo], claimed in an oped that she and Stronach had sex with her when she was just 19 and he was 54. Her write up says ‘At the time, I thought it was consensual. But if it wasn’t rape, it certainly wasn’t right’ 

Stronach was due to appear in Ontario court on July 8, prior to the new charges being levied against him. It is unclear whether that court date will still stand. 
His counsel, high flying lawyer Brian Greenspan has said his billionaire client denies the allegations ‘and will vigorously defend these further untested allegations dating back to 1977.’
He noted that Stronach ‘has spent his lifetime committed to the betterment of the Canadian community and industry’ and said he now ‘plans to continue to devote his energy and resources to his work advocating for the adoption of a Canadian Economic Charter of Rights to benefit workers, small businesses, family farmers and the Canadian economy.’

Stronach’s counsel, high flying lawyer has said his billionaire client denies the allegations ‘and will vigorously defend these further untested allegations dating back to 1977

Outside of business, Stronach dabbled in politics, forming the Austrian political party Team Stronach in 2013. Some of the entrepreneur’s other business ventures include The Stronach Group, a company that specializes in horse racing

Born in Austria in 1932, Stronach grew up under Nazi rule before moving to Canada in the mid-50s.
In 1957, the entrepreneur launched Magna in his garage, and over the years, he built it into one of the world’s biggest suppliers of auto parts.  
The company now has a market capitalization of $12.52 billion and in a spokesperson for the company in a statement noted that ‘Stronach has had no affiliation with Magna since he relinquished control in 2010.’
Emphasizing that executives at the company had ‘no knowledge of the investigation or the allegations that have been raised beyond what has been reported in the media.’
He resigned as Magna’s chairman in 2011. However in 2018, the billionaire sued his daughter Belinda, two grandchildren, and former business associate Alon Ossip for over $500 million in Ontario Superior Court. 
Stronach alleged that they had mismanaged the family’s assets, of which he wished to regain control. 
Belinda, a former Canadian Member of Parliament and CEO of Magna, counter sued her father, saying that he had lost an enormous amount of money on pet projects. 
The $500 million lawsuit was eventually settled.

In a bid to regain control of Magna Stronach [right], in 2018 sued his daughter, two grandchildren, and former business associate Alon Ossip, alleging they had mismanaged the family’s assets. Belinda Stronach [left], eventually counter sued her dad alleging he lost an enormous amount of money on pet projects

Some of the entrepreneur’s other business ventures included the creation of The Stronach Group, a company that specializes in horse racing.  He also founded Stronach International in 2018, a company focusing on organic foods and “micro-electric mobility.”
In 2013, Stronach made a return to Austria, where he dabbled in politics by founding and leading a populist right-wing political party called Team Stronach for Austria. 
Two months later, Stronach moved back to Canada, where he named to the Order of Canada, one of the nation’s most prestigious distinctions. 
Stronach’s wife Elfriede passed away at the age of 80, in March after battling illness.