Canadian police baffled over discovery of billionaire couple's bodies in their mansion basement

Deaths of Barry Sherman, founder of pharma firm Apotex Inc, and wife Honey being treated as ‘suspicious,’ ‘no signs of forced entry.’

December 16, 2017 02:13 pm | Updated 02:33 pm IST - TORONTO:

In this August 24, 2010 file photo, Honey Sherman and Barry Sherman, Chairman and CEO of pharma firm Apotex Inc., are seen at the annual United Jewish Appeal fundraiser in Toronto, Ontario. The Shermans, one of Canada’s wealthiest and most philanthropic couples, were found dead in the basement of their Toronto mansion on December 15, 2017 with police terming the deaths ‘suspicious.’

In this August 24, 2010 file photo, Honey Sherman and Barry Sherman, Chairman and CEO of pharma firm Apotex Inc., are seen at the annual United Jewish Appeal fundraiser in Toronto, Ontario. The Shermans, one of Canada’s wealthiest and most philanthropic couples, were found dead in the basement of their Toronto mansion on December 15, 2017 with police terming the deaths ‘suspicious.’

Canadian police said they were investigating the mysterious deaths of Barry Sherman, founder of Canadian pharmaceutical firm Apotex Inc, and his wife, Honey, one of the nation’s wealthiest couples whose bodies were found in their mansion on Friday.

Police said they learned of the deaths after responding to a midday (1700 GMT) medical call at the Sherman's home in an affluent section of northeast Toronto. Two bodies covered in blankets were removed from the home and loaded into an unmarked van on Friday evening.

“The circumstances of their death appear suspicious and we are treating it that way,” said Constable David Hopkinson. Homicide detectives later told reporters gathered outside the home that there were no signs of forced entry.

Neighbours saddened by deaths

Their neighbors, business associates and some of Canada's most powerful politicians said they were saddened by the deaths.

“Our condolences to their family & friends, and to everyone touched by their vision & spirit,” Prime Minister Justin Trudeau wrote on Twitter.

Toronto Mayor John Tory said in a statement he was “shocked and heartbroken” to learn of the deaths, noting that the couple had made extensive contributions to the city.

“Toronto Police are investigating, and I hope that investigation will be able to provide answers for all of us who are mourning this tremendous loss,”Mr. Tory said.

Found dead in basement

The Shermans recently listed their home for sale for nearly C$7 million ($5.4 million). A real estate agent discovered the bodies in the basement while preparing for an open house, the Toronto Globe and Mail reported, citing a relative.

Sherman (75) founded privately held Apotex in 1974, growing it by introducing large numbers of low-cost generic drugs that took market share from branded pharmaceuticals. He stepped down as chief executive in 2012 but remained executive chairman.

Forbes has estimated Sherman’s fortune at $3.2 billion ($1 = 1.2858 Canadian dollars).

Apotex is the world’s No. 7 generic drugmaker with 11,000 employees and annual sales of more than C$2 billion in more than 45 countries, according to its website.

Both were charitable by nature

The couple was known for their philanthropy, giving tens of millions of dollars to hospitals, universities and Jewish organizations, CBC reported.

“They were extremely successful in business, but also very, very giving people,” former Ontario Premier Bob Rae told CBC. "It's going to be a very, very big loss.”

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