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

Police announced the arrests in a heist of nearly $24 million in gold and cash from Toronto’s Pearson airport last year.

Peel Regional Police revealed details Wednesday morning of their joint task force investigation – dubbed Project 24K – with the U.S. Alcohol, Tobacco and Firearms Bureau.

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 17, 2024.

READ MORE: Arrests made in last year’s $24M gold and cash heist at Pearson airport: police