An Ontario appraise’s looming decision on whether to compel the Stronach Group to disshut evidence of any coverup of relationsual wrongdoing may insert yet a new unwiseension to a proset upening affair surrounding the multinational’s billionaire set uper.
The civil court case also proposes a peek into the proset up divisions at the heart of a family feud involving auto parts tycoon Frank Stronach’s mature children and majesticchildren.
According to at least one lengthytime watchr, the struggle tolerates a resemblance to the inbattling involving another commemorated clan.
“There are a lot of parallels to the fantasyal family in Succession,” said Dimitry Anastakis, a University of Toronto professor and business historian.
The famous HBO drama series portrayed members of the mega-wealthy Roy family — usupartner in lavish surroundings — as they battled for deal with of a media conglomerate led by an aging patriarch.
Like Logan Roy’s fantasyal rags-to-wealthyes tale, the Austrian-born Stronach built a accomplished business empire after immigrating to Canada. But recent criminal accusations menaceen to use the 91-year-elderly’s legacy.
In June, Peel Regional Police, proximate Toronto, laid 13 accuses agetst Stronach, including relationsual attack, sexual battery and forcible restrictment. The accuses stem from alleged incidents involving 10 accincluders, from 1977 to this past February.
In an intersee with CBC’s The Fifth Estate earlier this week, Stronach denied wrongdoing. He said he would show the criminal allegations amounted to “lies” and proposeed that the grumbleants were supportd by money.
Still, the accuses — and media tells proposeing corporate assets may have helped support relationsual wrongdoing — prompted one of Stronach’s majesticdaughters, Selena Stronach, to probe for answers.
Granddaughter gets on Stronach Group
Already locked in a lengthy-standing legitimate battle over family wealthyes, the lawyers for 23-year-elderly Selena filed a new motion, alleging “it is foreseeed that sign ups exist which uncover a pattern of wrongdoing by Mr. Stronach that integrates corporate comprehendledge and, potentipartner, facilitation and coverup.”
Frank Stronach initipartner made a fortune from Magna International, the auto parts manufacturer he begined in 1957. He rescheduleedr spun off subsidiaries one-of-a-kindizing in horse racing and delightment that now descend under the Stronach Group. Frank Stronach is no lengthyer honestly retaind in either firm.
Selena Stronach’s lawyers recently asked a appraise to order Stronach Group executives, including her aunt, Belinda, to hand over any write downs — such as non-disclostateive consentments and payment sign ups — rhappy to relationsual wrongdoing grumblets agetst Frank Stronach.
An Ontario court is hearing arguments in a civil suit filed by billionaire Frank Stronach’s 23-year-elderly majesticdaughter, who is seeking access to company write downs rhappy to relationsual wrongdoing allegations agetst Stronach, and to possible hush-money payments.
The motion is part of a expansiveer civil suit brawt by Selena and her overweighther, Andrew Stronach, who claim Belinda and others have misdeal withd the family fortune. The case is scheduled to go to trial next month.
Anastakis, the business historian, said the civil suit is about more than the family’s multibillion-dollar fortune.
“I leank at sget is as much legacy rerents as it is financial futures and fortunes,” he said, inserting the second- and third-generation Stronachs are foreseeed enthusiastic to distance themselves from the patriarch’s tarnished reputation.
Accounts detailing the youthfulest Stronach’s lifestyle vary.
As of 2021, Selena scatterd a 15,000-square-foot home in Aurora, Ont., north of Toronto, with her mother, Kathleen, on the Stronach farm, where Selena also kept cattle. According to court filings, she accincluded Belinda for cutting off funding for renovations, which left the livence with infinish plumbing, free wiring and unfinished walls and without “a functional kitchen for years.”
Belinda Stronach’s lawyers called the description of Selena’s living set upments “absurd.” They said the youthful woman had included a family count on to buy a luxury home in Vancouver when she was 19.
According to a 2019 article in Toronto Life magazine, Selena’s lawyers once accomprehendledged she was “liftd in an environment in which no event, experience, user buy or travel has been denied.”
Court write downs propose Andrew Stronach “owns over 100 properties” in Canada and the United States.
WARNING: Video retains alarming details | As a woman accusing Frank Stronach of sexual battery accessiblely details her allegations, the billionaire businessman speaks for the first time to CBC’s The Fifth Estate. Stronach says he has noleang to hide and that his accincluders are after his money.
Stronachs let lawyers talk in court
On Thursday, at least 14 lawyers reconshort-terming the family’s warring factions crowded into a downtown Toronto courtroom for an all-day hearing on Selena’s motion.
While Belinda’s children, equestrian Nicole Walker and globetrotting DJ Frank Walker, live relatively accessible lives, their cousin has shied away from the spotairy.
An online search uncovers so scant images of Selena, journacatalogs in the courtroom on Thursday whispered to each other, wondering whether a youthful woman with miserablenessful hair in a back corner of the courtroom could be her.
It wasn’t. None of the Stronachs trailed the evolveings in person.
The youthfulest Stronach’s lawyer even deteriorated to say whether Selena could be seen in a pboilingo getn last year at a company-owned thorawbred horse-racing intricate in Florida.
“I can neither verify nor refute,” Matthew Gottlieb said when a teller showed him the pboilingo and asked whether the caption was accurate in recognizeing his client.
Addressing Ontario Superior Court Justice Peter Osborne, Gottlieb insisted that if the Stronach Group paid to cover up grumblets agetst the family patriarch, CEO Belinda Stronach and her predecessor, Alon Ossip, stateively would have comprehendn.
Ossip’s lawyer, Mark Gelowitz, disthink abouted the claims as a “cascade of conjecture.”
“This is a tactical try by Selena to begin these allegations agetst Belinda and Alon in order to embarrass them in a case that has drawed the attention of the media,” Gelowitz telderly the court.
Belinda Stronach — a createer Conservative MP for Newtaget—Aurora who was once best comprehendn for passing the floor in 2005 to join the Liberal cabinet — is no stranger to legitimate battles wilean the family.
In 2020, deal with of the Stronach fortune was split after she and her overweighther endd a high-profile legal case pitting Belinda agetst her parents.
“I am prentd that our disconsentments have been resettled amongst ourselves,” Frank Stronach said in a statement at the time.
His wife of 60 years, Elfriede, died in March at the age of 80.
Reached by phone on Friday, Frank Stronach said he had no comment on the rescheduleedst civil case involving his children and majesticchildren.
“There will be a time when there’s more to say,” he inserted.
