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Police announce nine arrests in $24M gold and cash heist at Toronto Pearson

April 16, 2024  By The Canadian Press

(Photo: JHVEPhoto, Adobe Stock)

Police say nine people have been arrested and charged in a heist of nearly $24 million in gold and cash from Toronto’s Pearson airport last year.

Peel Regional Police say their joint task force investigation – dubbed Project 24K – with the U.S. Alcohol, Tobacco and Firearms Bureau resulted in the arrests and also interrupted an attempt to import firearms to Canada from the United States in connection with the case.

The news comes on the one-year anniversary of the daring heist.

A lawsuit filed against Air Canada by American security company Brink’s alleged that a thief presented a forged document to collect about $23.8 million in goods from a holding facility at Pearson airport.


Brink’s statement of claim alleged that Air Canada staff handed over 400 kilograms of gold, worth more than $20 million, plus nearly US$2 million in cash to the thief.

Air Canada has denied any improper conduct or responsibility for the theft in its statement of defence and rejected all allegations in the Brink’s lawsuit.

This report by The Canadian Press was first published April 16, 2024.

News from © Canadian Press Enterprises Inc., 2023


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