9 arrests made in $14.8 million gold heist at Toronto airport, solely a fraction of which has been recovered

Norman Ray
Norman Ray

International Courant

9 individuals have been arrested and search warrants have been issued for 3 others in final 12 months’s $14.77 million (20 million Canadian {dollars}) gold heist from Toronto’s Pearson Worldwide Airport, Canadian officers introduced Wednesday.

Police have recovered simply six pure gold bracelets value greater than $65,000 – a fraction of the gold stolen from a cargo warehouse final April. Authorities introduced the arrests on the one-year anniversary of the theft.

Police say 6,600 bars of pure gold weighing greater than 400 kilograms and overseas money value about $1.8 million had been stolen within the heist. They imagine the thieves melted down the gold, bought it after which used the earnings to purchase unlawful firearms as a part of a smuggling operation, stated Peel Regional Police Detective Sgt. Mike Mavity stated this at a press convention on Wednesday.

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Terminal 3 at Toronto Pearson Worldwide Airport in Toronto, December 9, 2023.

David Kawai/Bloomberg by way of Getty Photos

Police seized $312,000 in money, which they are saying is a part of the earnings suspects made after promoting the gold. Police have additionally seized melting pots, casts and molds that they imagine had been used to vary the composition of the gold bars, Mavity stated.

In addition they discovered two listings valued at $7.21 million and $10.23 million in two separate areas.

“A generally used time period in drug trafficking investigations, we imagine these lists really present the place the cash was distributed when the gold was bought by the suspects,” Mavity stated.

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Within the yearlong investigation, authorities say they executed 37 search warrants and interviewed greater than 50 individuals. They’ve filed 19 costs in opposition to people on this case.

Canadian police labored with the Philadelphia Discipline Division of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, which arrested a person within the U.S. in possession of 65 unlawful firearms.

He was stopped throughout a routine site visitors cease, which resulted in his arrest. He was later recognized as the motive force of the truck in the course of the theft, police stated.

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Police are nonetheless in search of a former Air Canada worker who they are saying helped the thieves, in addition to two others concerned.

Peel Regional Police and the Alcohol, Tobacco and Firearms Bureau will announce particulars and arrests associated to the theft of gold at Toronto’s Pearson Worldwide Airport, April 17, 2024.

Peel Regional Police

The gold and overseas foreign money stolen within the theft had been ordered from a refinery in Zurich. That they had been transported to Toronto on an Air Canada flight.

Shortly after the aircraft landed on April 17, 2023, the gold and cargo had been moved from the aircraft to a cargo facility, Mavity stated.

A suspect driving a five-ton truck arrived on the facility later that night, gave a fraudulent air waybill to a freight warehouse clerk and took supply of the cargo. The air waybill was a replica of the invoice used to select up a cargo of seafood the day before today, Mavity stated.

The container containing the gold and overseas foreign money was then loaded onto the truck and the suspect drove away. The container was discovered lacking later that night after Brink’s Canada workers arrived to select it up, Mavity stated.

9 arrests made in $14.8 million gold heist at Toronto airport, solely a fraction of which has been recovered

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