Frank Stronach, aged 93, faced verdicts on Friday for charges of sexual and indecent assault. Justice Anne Molloy of the Ontario Superior Court of Justice found him guilty in two cases. He was acquitted of three other sexual assault charges involving different women. This marks a significant downfall for Stronach, one of Canada’s wealthiest individuals and a recipient of the country’s top civilian honor.

Stronach established Magna International, growing it from a small garage operation into a leading global auto parts company. The allegations against him span the 1970s through the 1990s. Initially pleading not guilty, he faced a dozen charges originating from seven complainants. His conviction revealed how past actions have caught up with the notable businessman.

Magna International evolved in the 1980s, expanding its operations to manufacture vehicles for brands like Mercedes-Benz. Under Stronach’s leadership, the company ambitiously attempted to acquire Chrysler and Opel, General Motors’ former European division. Despite his business achievements, Stronach was known for his controversial remarks about women. During Magna’s 2007 annual meeting, he inappropriately questioned shareholders regarding his attractiveness compared to his aide, Manfred Gingl.

Most allegations presented in court occurred within the sphere of his leadership at Magna or related companies. Stronach’s actions serve as a reminder of the important social and legal responsibilities held by individuals in positions of power.