Canadian business magnate Frank Stronach, known for founding the renowned auto parts company Magna International, is embroiled in a legal battle as he faces allegations of sexual assault. The 90-year-old entrepreneur is preparing for the start of the first of two trials, with the initial proceedings taking place in Toronto before a judge. Another trial is scheduled in Newmarket, Ont., later this year.
Stronach has vehemently denied the accusations against him, some of which date back several decades. Here is a timeline highlighting key events in this ongoing case:
In 1957, Frank Stronach laid the foundation for his business in a Toronto garage, eventually transforming it into the global auto parts powerhouse, Magna International, now headquartered in Aurora, Ont.
By 2011, Stronach had stepped down as chairman of Magna and co-founded The Stronach Group with his daughter, Belinda Stronach, delving into the realm of horse racing and entertainment. The company later became entangled in a high-profile lawsuit resulting in a division of the family fortune.
In 2012, Stronach resigned from Magna’s board to focus on establishing a political party in his homeland, Austria.
The legal saga began in June 2024 when Stronach was arrested and charged with various sexual offenses, including assault, rape, and confinement. Subsequent charges were filed, totaling multiple counts of assault and attempted rape involving numerous complainants dating back to the late 1970s.
Over the following months, Stronach maintained his innocence, attributing the allegations to financial motivations from his accusers. He eventually changed legal representation and faced mounting charges as more individuals came forward with claims of assault spanning over several decades.
As the case progressed, Magna International initiated a review of past records related to harassment allegations involving Stronach and its subsidiary, Magna Entertainment Corp.
Stronach’s legal battle continued with additional charges and procedural developments, leading to the decision to split the case into two separate trials in Toronto and Newmarket, Ont.
After several court appearances and strategic decisions, Stronach’s Toronto trial is now slated to commence before a judge alone in February 2026.