Saturday, 15 December, 2018

Police in Canada Call Billionaire Couple's Deaths Suspicious

BarryShermanEN Police in Canada Call Billionaire Couple's Deaths Suspicious
Kelvin Reese | 17 December, 2017, 01:41

Canadian police are investigating the mysterious deaths of pharmaceuticals billionaire Barry Sherman, founder of Apotex Inc, and his wife Honey, whose bodies were found in their Toronto mansion.

It is reported the bodies of Barry and Honey Sherman were discovered in their basement in Toronto on Thursday.

The two were found dead after police responded to a medical call just before noon at their home in an affluent section of northeast Toronto.

They would not confirm that the two bodies were the Shermans but say they are treating the deaths as "suspicious".

The company - Sherman started it in 1974 after using his mother's life savings to buy out a similar business started by his uncle - manufactures and exports generic drugs to more than 115 countries. Forbes estimated his net worth at $3.2 billion, good for the 12th spot on the list of the richest Canadians.

"We will be getting a lot more answers tomorrow (Saturday) following the post-mortem examinations". However, today, the company employees more than 10,000 workers as Apotex has transformed into one of Canada's largest pharmaceutical companies.

"I am beyond words right now", Hoskins wrote. For more than a decade, Barry Sherman had been involved in an acrimonious legal battle with three cousins and the widow of a fourth - sons of the uncle who instructed him in the generic-drug business that preceded Apotex.

Apotex released a statement on Saturday paying tribute to its founder, praising both his philanthropic efforts and what it described as his vision for health care. Those include manufacturing and research facilities concentrated in the Toronto area as well as in Winnipeg.

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"Honey Sherman was a volunteer extraordinaire". She also served on the boards of Mount Sinai's Women's Auxiliary, the Simon Wiesenthal Center and the International American Joint Distribution Committee.

Calling the deaths "tragic", Apotex tweeted to say everyone at the company, which employs around 16,000 staff worldwide, was "deeply shocked and saddened".

The Shermans were among Canada's most generous philanthropists and also organized funding of charitable causes through the Apotex Foundation.

The Shermans made numerous multimillion-dollar donations to hospitals, schools and charities and had buildings named in their honor.

Sherman has also been an active philanthropist, including donating $50 million to the United Jewish Appeal.

In a statement on the Jewish Foundation of Greater Toronto's website, the Shermans expressed their particular "obligation" to support the Jewish community.

The Sherman's had recently put their house up for sale at the price of C$7 million equal to approximately $5.4 billion. Neighbours confirmed that the property was the couple's home.

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