Toronto police say Canadian Billionaire couple’s death was a targeted murder

Toronto Police Det-Sgt Susan Gomes said on Friday afternoon, Canadian billionaire, Barry Sherman  and his wife, Honey Sherman, died in a double homicide.

They were found dead December 15 on the swimming pool deck on the lower level of their Toronto home.

Barry Sherman, 75, was the chairman of generic drugmaker Apotex, which he founded in 1974. Apotex went on to become the largest Canadian-owned pharmaceutical company. Honey Sherman, 70, was involved in many charitable activities. The socially-active couple was believed to have amassed a fortune of some $4.77 billion before their deaths. 

An estate agent found them in the basement hanging by belts to a railing near their indoor pool in seated positions. The police did not find any signs of forced entry into the home.

Police have said the cause of death was “ligature neck compressions” but didn’t provide any details.

“The circumstances of their death appear suspicious”

Detectives found no signs of forced entry in the house, Gomes said. She would not say if anything had been stolen or if any suspects had been identified.

The Shermans’ residence was so large that detectives spent six weeks inside examining evidence, Gomes said. Investigators have, so far, collected 150 items for forensic analysis, 127 witness statements and 2,000 hours of security video, she said. Other residences, including one in the United States, have been searched.

Police say the couple was targeted, but investigators did not identify any potential suspects, though Det-Sgt Gomes said there is an “extensive list” of people that police intend to interview.

In a statement released shortly after the announcement, the Sherman family said they had anticipated the development.

“This conclusion was expressed by the family from the outset and is consistent with the findings of the independent autopsy and investigation,” the statement reads.

“The family continues to support the Toronto Police Service in their efforts to seek justice for their parents and pursue those responsible for these unspeakable crimes.”

Apotex posted a statement about the Shermans on the company webpage: “From its humble two-employee, 5,000 square-feet beginning in Toronto, the company Dr. Sherman founded grew into a global pharmaceutical organization that today employs more than 11,000 people in research, development, manufacturing, and distribution in facilities around the world.”

Image Source: United Jewish Appeal/Canadian Press

by Israt Yasmin, The Blogging Connection

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