The granddaughter of Canadian businessman Frank Stronach is seeking company documents related to misconduct allegations against her grandfather.
Belinda Stronach, the daughter of Frank Stronach, has filed a lawsuit against her father and his company, The Stronach Group, in an effort to obtain documents related to allegations of financial misconduct and mismanagement.
According to the lawsuit, Belinda Stronach is seeking access to documents that could shed light on her father’s alleged misuse of company funds, including millions of dollars spent on personal expenses such as private jets and luxury homes.
The lawsuit also alleges that Frank Stronach used company funds to support his political ambitions, including a failed bid for the Austrian presidency in 2016.
Belinda Stronach’s lawyer, Paul Sweeny, stated that the documents are necessary for her to fulfill her duties as a board member of The Stronach Group and to protect the interests of shareholders.
In response, Frank Stronach’s lawyer, Brian Greenspan, has called the lawsuit “baseless” and stated that the allegations are “without merit.”
The Stronach Group has also released a statement denying the allegations and stating that they will “vigorously defend” against the lawsuit.
This legal battle between father and daughter is the latest development in a long-standing family feud that has played out in the public eye.
Frank Stronach, who founded The Stronach Group and is a prominent figure in the Canadian business world, has been embroiled in a bitter dispute with his daughter for years.
Belinda Stronach, a former politician and business executive, has accused her father of mismanaging the family fortune and attempting to control her personal and professional life.
The Stronach family has a long history of business success, with Frank Stronach building a multi-billion dollar empire in the automotive and horse racing industries.
The outcome of this lawsuit could have significant implications for the future of The Stronach Group and the Stronach family legacy. As the legal battle continues, the public will be watching closely to see how it unfolds.
