Police report theft of $24 million in gold and cash at Toronto Pearson Airport

BRAMPTON, Ont. — Police are set to release arrests in last year's theft of nearly $24 million in gold and cash from Toronto's Pearson Airport.

Peel Regional Police are expected to release details this morning of their joint task force investigation with the US Bureau of Alcohol, Tobacco and Firearms – known as Project 24K.

The news comes on the one year anniversary of the daring theft.

American security company Brink's has filed a lawsuit against Air Canada, accusing the thief of providing false documents to get nearly $23.8 million worth of merchandise from a Pearson Airport holding company.

Brink's statement said Air Canada employees handed over 400 kilograms of gold worth more than $20 million to the thief, along with about $2 million in cash.

In its statement of defence, Air Canada denied any wrongdoing or responsibility for the theft and denied all allegations in Brink's lawsuit.

This Canadian Press report was first published on April 17, 2024.

Canadian Press