Homicide police probe billionaire couple's deaths

Mr Barry Sherman, who founded Apotex, and his wife Honey in a 2010 photo.
Mr Barry Sherman, who founded Apotex, and his wife Honey in a 2010 photo.PHOTO: REUTERS

MONTREAL • Toronto's homicide unit has taken over an investigation into the "suspicious" deaths of Canadian pharmaceutical billionaire Barry Sherman and his wife Honey, police said after finding they had died of strangulation.

"The cause of death for both deceased was ligature neck compression," Toronto police said in a statement on Sunday after post-mortem examinations of the bodies of the 75-year-old Apotex chairman and his 70-year-old wife.

"Toronto Police Service Homicide has taken the lead in this suspicious death investigation," the police said, without further details.

Their bodies were found in their home by police last Friday.

Local media cited a police source as saying the Shermans' bodies were found hanging from a railing around a basement pool, the theory being that the Apotex chairman had killed his wife Honey, hanged her body and then himself.

But their family strongly refuted that version of the events.

"Our parents shared an enthusiasm for life and commitment to their family and community totally inconsistent with the rumours regrettably circulated in the media as to the circumstances surrounding their deaths," they said.

"We are shocked and think it's irresponsible that police sources have reportedly advised the media of a theory which neither their family, their friends nor their colleagues believe to be true," their statement added.

They called for a "thorough, intensive and objective criminal investigation", urging the media to refrain from reporting until the investigation is complete.

There were apparently no signs that the deaths were premeditated or that either of the Shermans was suffering from depression. They had planned to spend the year-end holidays with friends in Florida.

Ms Linda Frum, a member of the Canadian Senate and friend of the couple, dismissed the idea that Mr Sherman could have harmed his wife. "He adored her... He was a gentle, good man," she was quoted as saying in The New York Times. The newspaper reported that, despite their wealth, the couple flew economy class and their home was relatively modest.

Mr Sherman founded Apotex in 1974. It made its name producing generic drugs, and grew to employ more than 11,000 people worldwide in an expansion that included legal battles with the world's biggest brand-name drug makers.

According to Forbes, Mr Sherman had an estimated worth of US$3.2 billion (S$4.3 billion) at the time of his death, and was the 12th-richest person in Canada. Local media said the Shermans had recently put their home up for sale for about C$7 million (S$7.34 million).

The deaths sparked an outpouring of sympathy from the country's political elite, including Prime Minister Justin Trudeau, who posted on Twitter that he was "saddened" by the news, noting the "vision and spirit" of the couple known for their philanthropy.


A version of this article appeared in the print edition of The Straits Times on December 19, 2017, with the headline 'Homicide police probe billionaire couple's deaths'. Print Edition | Subscribe