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Thu Apr 18, 2024, 06:51 AM Apr 18

Arrests made in $14.5 million gold heist, the largest ever in Canada

https://www.washingtonpost.com/world/2024/04/18/gold-heist-toronto-airport-canada-arrests/

Arrests made in $14.5 million gold heist, the largest ever in Canada

By Niha Masih
April 18, 2024 at 3:41 a.m. EDT

A year ago, a man drove a five-ton truck into Air Canada’s cargo facility at Toronto Pearson International Airport carrying a seafood consignment bill to claim a shipment. Instead, he made off with a container of 6,600 gold bars weighing about 880 pounds — and worth more than $14.5 million, or 20 million Canadian dollars.

Five people were arrested in Canada and one in the United States, investigators said Wednesday — in what they described as the “largest gold heist” in Canada — after a months-long investigation by national and international law enforcement authorities. Two Air Canada employees and a jewelry store owner from Toronto are among the suspects.

Besides the gold bars, the thieves also stole foreign currency worth $1.8 million, and investigators have linked the theft to a firearms trafficking operation.

“This was the largest gold heist in Canadian history. Reportedly, it’s the sixth largest in world crime history,” Nick Milinovich, the deputy chief of Peel Regional Police, said at a news conference.

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