Shark Tank star and former Conservative leadership candidate Kevin O’Leary has confirmed he was involved in a fatal boat crash in the Muskoka area late on Saturday night.

According to the Ontario Provincial Police, the crash happened round 11:30 p.m. after two pleasure boats collided about 150 metres from the shore of Emerald Island on Lake Joseph, about 30 km south of Parry Sound.

A 64-year-old Florida man was killed in the crash, a 48-year-old woman from Uxbridge, Ont. was critically injured and a total of five were sent to hospital, the OPP said. On Wednesday morning, the OPP said the 48-year-old woman later died at hospital.

The OPP identified the victims as Gary Poltash and Susanne Brito. Police initially said Brito was from Markham, but now say she is from Uxbridge.

In a statement to the Star on Wednesday, O’Leary said he was a passenger on one of the two boats and said he is “fully co-operating with law enforcement in their investigation.”

According to the OPP, the man and woman were passengers in a larger boat that had been out for an twilight cruise. The other boat involved in the crash was smaller, on its way back to shore after an evening out.

“Two people from one of the vessels received medical attention and were released, said OPP Det. Insp. Martin Graham. “From the other vessel we have one person unfortunately who’s died and a female in critical (condition) and a third who received medical treatment was released.”

In his statement, O’Leary claimed the other boat had no navigation lights and fled the scene after the crash.

“On late Saturday night I was a passenger in a boat that was involved in a tragic collision with another watercraft that had no navigation lights on and then fled the scene,” he said.

He added, “Out of respect for the victims families and to fully support the ongoing investigation I feel it is inappropriate to make further comments at this time.”

Provincial Const. Joe Scali of the West Parry Sound OPP said police are continuing to investigate the collision and have not yet said what led to the incident.

In an emailed statement, Uxbridge Mayor Dave Barton said Brito — whom he called “suzana” — was a “vibrant member” of the community.

“Suzana’s energy and enthusiasm will be missed by all who knew her. We are mourning her loss along with her family and friends,” he said. “On behalf of the Township of Uxbridge I offer our deepest condolences to her loved ones left behind.”

A statement from Brito’s friend Heidi Barriage was also included in the email sent by Barton.

“Suz was a kind, genuine and vivacious woman. She didn’t take her friendships lightly and made her love known to all that were important to her,” said Barriage in the statement. “Suzana loved her children deeply and often spoke of her family ... Suz will be deeply missed and her friendship cherished forever. (It’s) heartbreaking to have to say goodbye.”

A veteran Canadian businessman in software and other fields, O’Leary, 65, starred in the first eight seasons of Dragons’ Den, the Canadian reality show in which entrepreneurs try to woo established business leaders for investments and partnerships. O’Leary then jumped to the American version of the show, Shark Tank, where he has appeared for 11 seasons.

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The investigation is being conducted by OPP North East Region Crime Unit, North East Regional Support Team, OPP Forensic Identification Services and the OPP Technical Marine Collision Unit under the direction of OPP Det. Insp. Graham.

Anyone with information on the incident who may have been on the water near Emerald Island at the time of the crash is asked to call Crime Stoppers at 1-800-222-8477.

With files from the Parry Sound North Star and Emma Sandri