$20 million arrested in gold heist at Toronto Pearson Airport

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Peel Regional Police announced a surprise arrest in a gold heist at Toronto Pearson Airport during a joint investigation with the Philadelphia office of the US Bureau of Alcohol, Tobacco and Firearms.

Police will release details Wednesday of Project 24K, a secret, joint task force investigation into a high-profile gold theft from Pearson Airport. 24K is short for 24 karat, a measure of nearly pure gold, typically the purity of high-grade gold bars like those stolen from Pearson.

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Details of the theft of more than $20 million in gold bars and $2 million and arrests are scheduled to be released Wednesday morning on the one-year anniversary of the shocking heist.

Reporters have been invited to a media conference in Brampton at 8:30 a.m., where Peel Police Chief Nishan Durayappa is expected to be joined by Peel Detective Sergeant Mike Maviti and ATF Special Agent Eric DeGree.

Stealing $20 million worth of gold bullion and $2 million in cash at Toronto Airport was as easy as walking into Air Canada's cargo facility, presenting a fake travel document, and leaving with a large shipment. was brought to court.

It disappeared 42 minutes after it was taken off a plane from Switzerland and transferred to a copper safe on the outskirts of Toronto's Pearson Airport, according to a complaint filed in October by US security firm Brink's. shipping a container of gold and cash via Air Canada.

The container was unloaded directly from the Air Canada flight from Switzerland onto a Brink security truck on the tarmac of the airport and transported to an Air Canada warehouse called Cargo West on the other side of the airport.

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According to Brink, Air Canada made poor security arrangements, knowing the high-value contents of the cargo.

Air Canada denies liability for the theft in a statement of defense filed in response to Brink's complaint. The airline denies poor security and negligence in allowing an unknown and unauthorized person to take the luggage less than an hour after it arrived at its warehouse on the outskirts of the airport. The airline alleges that Brink sent the cargo without declaring its value, without insurance and without paying extra for extra security.

None of the allegations have been proven in court.

Other than two lawsuits, little is known about the mysterious, infamous theft.

Little information is known about those arrested.

Const. Peel police spokesman Mandeep Khatra said that information would only be available on Wednesday.

“I don't have any information right now, nothing,” Khatra said.

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