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Auto Parts Magnate, 93, Guilty of Sexual Assault
Newser • • general
Key Points:
- Austrian-Canadian billionaire Frank Stronach, founder of Magna and The Stronach Group, was found guilty of sexual assault and indecent assault involving two women decades ago.
- The 93-year-old faced allegations from seven complainants and pleaded not guilty to 12 charges, but was convicted on two charges related to incidents between 1977 and 1990.
- Ontario Superior Court Justice Anne Molloy delivered the verdict after prosecutors withdrew one charge and agreed on not guilty verdicts for four others during the trial that began in February.
- Stronach, a prominent figure in the automotive and horse racing industries, resigned as Magna's chairman in 2011 and later founded a political party in Austria.
