Police: Canadian billionaire and his wife were murdered

Police said Friday they believe Canadian drug-company billionaire businessman Barry Sherman and his wife were both murdered.

Det. Sgt. Susan Gomes said investigators came to the conclusion after six weeks of investigation, but declined to discuss possible motives or suspects.

The founder of generic drugmaker Apotex and his wife, Honey, were found dead in their mansion on December 15. Police said then the deaths were suspicious, but said there were no signs of forced entry and they were not looking for suspects.

The day after the bodies were found, prominent media outlets quoted unidentified police officials as saying it appeared to be a murder-suicide. But that theory was never publicly confirmed by authorities and family said that would have been wildly out of character.

 

Toronto Police said Friday that they believe billionaire Barry Sherman, 75 (right), and his wife Honey, 70 (left), were murdered

When the Shermans were first found dead, reports stated that the two died in a murder-suicide. But police said Friday that they believe the couple were 'targeted'. Above, a forensics photographer outside the couple's house in December

When the Shermans were first found dead, reports stated that the two died in a murder-suicide. But police said Friday that they believe the couple were ‘targeted’. Above, a forensics photographer outside the couple’s house in December

Last week, private investigators hired by the couple's family came to the conclusion that multiple killers were involved

Last week, private investigators hired by the couple’s family came to the conclusion that multiple killers were involved

Gomes said the two were found hanging by belts from a railing that surrounds their indoor pool. She said they were in a semi-seated position on the pool deck.

‘We have sufficient evidence to describe this as a double homicide investigation and that both Honey and Barry Sherman were in fact targeted,’ Gomes said.

She said were last seen alive in the evening hours of Wednesday December 13 and were not heard from again until their bodies were found late Friday morning.

Gomes said there are no signs of forced entry at access points of the home. She declined to discuss the evidence, possible motives or suspects.

The couple’s four adult children have hired their own team of investigators and a pathologist, who conducted second autopsies on the Shermans. Those investigators also came to the conclusion that the couple were murdered, releasing their findings a little less than a week ago. 

The couple were found hanging by belts from a railing that surrounds their indoor pool (pictured above) 

The couple were found hanging by belts from a railing that surrounds their indoor pool (pictured above) 

Sherman (pictured in 2002) was a fiercely competitive businessman, once musing that a rival might want to kill him  

Sherman (pictured in 2002) was a fiercely competitive businessman, once musing that a rival might want to kill him  

Toronto police investigators have scoured the 12,000-square-foot home, hauled away the couple’s cars and even checked the sewers in one of Toronto’s most exclusive neighborhoods for clues.

Sherman was a fiercely competitive businessman, once musing that a rival might want to kill him.

Sherman, 75, was known for litigiousness and aggressive businesses practices as he developed Apotex Inc., which has a global workforce of about 11,000. He conceded he made enemies in ‘Prescription Games,’ a 2001 book about the industry.

‘The branded drug companies hate us. They have hired private investigators on us all the time,’ he said. ‘The thought once came to my mind, why didn’t they just hire someone to knock me off? For a thousand bucks paid to the right person you can probably get someone killed. Perhaps I’m surprised that hasn’t happened.’

Canadian Business magazine recently estimated his worth at 4.77billion Canadian dollars ($3.65 billion U.S. dollars), making him the 15th richest person in the country.

As they became wealthy, the couple became known for philanthropy. They gave tens of millions to the United Jewish Appeal, donated to a geriatric hospital in Toronto and sent medicine to disaster zones. Prime Minister Justin Trudeau attended the funeral and Sherman is posthumously due to receive one of the country’s highest civilian honors this year.

Friends and family say the couple had been making plans for the future. They had recently listed their home in Toronto for 6.9million Canadian dollars and they were building a new home in the city.

Police have released the home back to the family.

‘For them it’s been difficult to balance their patience with their frustration with us and our investigation – not unlike any other family who have suffered such a sudden and profound loss,’ Gomes said. ‘They have been understanding, cooperative and hopeful that this investigation can give them some answers.’ 



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