Canadian billionaire Frank Stronach was found guilty on Friday of one count of sexual assault and one count of indecent assault in a judgment where the judge described some of his behavior as “gross and disgusting.”
Police arrested and charged Stronach in 2024 with criminal offenses, including sexual assault and rape, for alleged crimes dating from the 1970s to 2024.
Austrian-born Stronach, 93, founded Canadian auto parts company Magna International in 1957 and later became one of the country’s richest people. Magna said it has had no affiliation with Stronach since he relinquished control of the company in 2010.
After a trial that began in February, Ontario Superior Court Justice Anne Molloy found Stronach guilty of sexually assaulting a woman in the early 1980s and indecently assaulting another woman in the late 1970s. Stronach did not testify during the trial. Molloy found him not guilty on other charges, including attempted rape and rape.
Leora Shemesh, one of Stronach’s lawyers, said they are “extremely happy” that other serious charges were dismissed but expressed disappointment over the convictions on the two minor offenses. He will be sentenced later and faces another sexual assault trial next year.