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Freddie Starr said he seriously contemplated suicide when he was under police investigation for allegations of historic sex abuse.
At one point during the allegations, he was not allowed to be in the house alone with his daughter, or his wife's son, he told The Sun.
The 71-year-old, who now relies on a wheelchair, said:
"I went to the doctors because my legs were shaking. I thought it was MS brought on by all this. But they said it was stress.
"I just had this feeling and was asking myself what the point was of carrying on. I was thinking 'just do it'. I was seriously considering it, but I wanted to clear my name".
The lawyer representing Freddie Starr has criticised police after the announcement the entertainer would not be prosecuted following claims of indecent assault.
Dean Dunham said: "We are very critical of the police. This investigation has taken far too long. It's had a huge impact on Freddie's health, a huge impact on his family...We are pleased it has now come to an end."
Freddie Starr appeared briefly outside his home in Warwickshire alongside his lawyer Dean Dunham, who condemned the investigation and said the entertainer's health was now a priority.
Mr Dunham said "there was simply never any evidence in this matter that was anywhere near sufficient" to keep his client on bail for so long.
Mr Dunham went on: "At the moment we need to concentrate on getting Freddie back to his health."The lawyer said there various courses of action open to Starr but now was not the right time to comment on them.
"He's a man of good character, remains a man of good character, and I would ask the public now to stand by this man," he added."No doubt about it, his innocence has been proven."
Starr said he was "very relieved", adding: "I'm not feeling well, really."
Asked if he had a message for his fans, he said: "Thank you."
The Crown Prosecution Service has decided that Freddie Starr should not be prosecuted for any offence. Baljit Ubhey, the Chief Crown Prosecutor of CPS London, said:
The 71-year-old, from Warwickshire, was first arrested in November 2012 by detectives from sex crime inquiry Operation Yewtree, and was rebailed several times.
Entertainer Freddie Starr will not be prosecuted for any offence following allegations of indecent assault, the Crown Prosecution Service said.