(Toronto) Famous businessman Frank Stronach was arrested and charged on Friday. He faces five charges of a sexual nature.

According to a release from Peel Regional Police, Frank Stonach was released on conditions and will appear at a later date in the Ontario Court of Justice in Brampton. The alleged sexual assaults allegedly took place between the 1980s and 2023.

The charges against the 91-year-old man are: indecent assault of a female, rape, forcible confinement and two counts of sexual assault.

The Austrian-Canadian billionaire is the founder of Magna International, one of the world’s largest automotive suppliers.

Police are calling on citizens to come forward if they have relevant information related to this case.

Anyone with information about this incident is asked to contact Special Victims Unit investigators at 905-453-2121 ext. 3460.