Frank Stronach is accused of sexually harassing three complainants: Document

Stronach’s attorney Brian Greenspan said his client “categorically denies the allegations of inappropriate conduct” and looks forward to “the opportunity to fully respond to the allegations and preserve his legacy.”

Stronach rose to prominence in Canadian business as the founder and former chief executive of one of the country’s largest auto parts makers, Magna International. A Magna spokesman said last week that Stronach relinquished control of the company more than a decade ago and is no longer associated with it.

Stronach resigned as CEO of Magna in 2011 and resigned from his entire board the following year as he founded a political party called Team Stronach in his native Austria.

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

He also founded the Stronach Group, a company specializing in horse racing, and in 2018 founded Stronach International, a company focused on organic food and “microelectric mobility.”

According to police, Stronach was released on bail and is scheduled to appear in court in Brampton, Ontario on July 8.

This report by The Canadian Press was first published June 14, 2024.

The Canadian Press