Frank Stronach's granddaughter seeks company docs related to allegations

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The granddaughter of billionaire businessman Frank Stronach is asking an Ontario court to order the family business to disclose any documents that might exist related to complaints of sexual misconduct against him and settlements involving complainants.

In a recent court filing, Selena Stronach argues media coverage of the sexual assault allegations against her grandfather suggest it is likely the alleged misconduct "occurred in the corporate environment and included the misuse of corporate assets."

The company issued a statement last month acknowledging the charges against Frank Stronach and noting he has "not held a formal role or been involved with company operations in any capacity for several years." Court documents show the charges include rape, attempted rape, indecent assault, forcible confinement and sexual assault, and relate to alleged incidents dating as far back as 1977 and as recently as this year.

Stronach resigned as Magna's chairman in 2011 and founded his own political party in his home country of Austria the year after. "For years, the defendants have ignored and breached repeatedly their fiduciary obligations and have managed and distributed assets without any consideration for Selena, notwithstanding her beneficial interests in the trusts," the lawsuit alleges.

The notice of motion from Selena Stronach says that the company's statement after the sexual assault allegations against her grandfather emerged in early June "did not deny prior knowledge of allegations" against him.

 

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