The Canadian billionaire couple, Honey and Barry Sherman were found dead at their home in Toronto last month after murdered in a targeted killing, police say.

Honey and Barry Sherman were renowned for their charity fundraising.

The bodies of Barry, 75, and Honey Sherman, 70, were found on 15 December. Police said on Friday no-one had been charged, and declined to comment on any suspects.

Barry Sherman, one of Canada’s richest men, and his wife were well-known for their philanthropy, and their sudden deaths stunned many in the country.

Media reports in the days after the couple’s bodies were discovered quoted police sources saying they were investigating a murder-suicide theory.

“I don’t know where that came from,” Toronto police detective Susan Gomes told reporters, adding that it was just one of several theories under consideration.

The new details of the case came on the same day that the pharmaceutical giant Apotex that Barry Sherman founded announced its CEO’s resignation.

What was revealed on Friday?

Detective Gomes said the couple were last seen alive on the evening of 13 December and had no communication with family after that point.

She said police investigators had found no sign of forced entry on any access points to the home.

Two days later the pair were found fully clothed by the pool “hanging by belts in a semi-seated position on the pool deck,” she added.

The Shermans were found dead inside their property by an estate agent who was helping them to sell their house.

Ms Gomes said that police came to the conclusion they were dealing with a double homicide after “six weeks of evidence and its review”. Police believe the couple were “targeted”, she added.

“I’m not going to discuss the suspects, or any suspects,” Ms Gomes said. “I’m not going to discuss any motives.”

She said there was a “significant list of people” they were speaking to in the ongoing investigation.

Police have until now released few details in the case, confirming only that they both died from ligature neck compression, or strangulation with material.

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