Gold bars are stacked at a safe deposit room of the ProAurum gold house in Munich March 6 2014. Gold was flat on Thursday as diplomatic efforts to cool the Ukraine crisis depressed demand for assets seen as safe, but the metal found support above $1,330 an ounce from weak U.S. economic data and ahead of a key employment report.
Peel Regional Police and the U.S. Alcohol, Tobacco and Firearms Bureau say they plan to announce arrests on Wednesday in the theft of roughly $20 million in gold and nearly $2 million US in cash from Toronto's Pearson International Airport.Gold bars are stacked at a safe deposit room of the ProAurum gold house in Munich on March 6, 2014. On April 17, 2023, 400 kilograms of gold were allegedly stolen during a headline-making theft that occurred at Toronto's Pearson airport.
In response to recent questions from CBC News, police have said investigators are "working around the clock in order to locate, arrest and charge those responsible for this crime."Brink's, a Miami-based security company, meanwhile, is suing Air Canada for allegedly letting a thief walk into an Air Canada facility at the airport and walk out with the gold bars and cash.
At the time, the value of the gold was just over 13.2 million Swiss francs, or almost $20 million Canadian at current exchange rates.Here's what we know — and don't — about the $20M heist at Pearson airport A sign for Toronto Pearson International Airport is pictured in Mississauga, Ont., on Thursday, April 20, 2023.
"Upon receipt of the fraudulent waybill, AC personnel released the shipments to the unidentified individual, following which the unidentified individual absconded with the cargo."Brink's says Air Canada handled the cargo "negligently and carelessly" and was "reckless" for failing to follow through on appropriate security measures, despite charging higher shipping rates for its "secure service.
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