Full Breakdown
Major Arrest in Canada’s Largest Gold Heist
1/12/2026, 11:02:11 PM
Overview of the Heist
On April 17, 2023, a significant theft occurred at Toronto’s Pearson International Airport, where 6,600 gold bars valued at nearly $15 million were stolen. The gold, ordered from a refinery in Zurich, was transported on an Air Canada flight and was meant to be picked up by Brink’s Canada. However, a suspect, using a fraudulent airway bill, managed to drive away with the shipment in a five-ton truck. The container was reported missing later that evening when Brink’s employees arrived for the pickup.
Arrest of Key Suspect
On April 17, 2024, authorities announced the arrest of Arsalan Chaudhary, one of the alleged masterminds behind the heist. He was taken into custody upon arriving at Pearson International Airport on a flight from Dubai. Chaudhary faces multiple charges, including theft over $5,000 and conspiracy to commit an indictable offense. Peel Regional Police believe he played a crucial role in moving the stolen gold, which has not yet been recovered and is suspected to have been melted down and sold to various buyers.
Investigation and Ongoing Efforts
The investigation, dubbed “Project 24 Carat,” has led to the capture of several suspects, with one individual arrested in Pennsylvania in 2024. Authorities have also seized $312,000 in cash believed to be profits from the gold's sale, along with smelting pots, casts, and molds used to alter the gold's composition. Peel Regional Police Detective Sergeant Mike Mavity indicated that the heist is suspected to have been an inside job, with a former Air Canada employee still wanted for their involvement.
Criticism & Opposition
While the investigation has made significant progress, some critics have raised concerns about the security protocols at Pearson International Airport. Questions have been raised regarding how such a large-scale theft could occur without immediate detection, highlighting potential vulnerabilities in cargo handling and security measures.
Official Statements & Responses
Peel Regional Police have emphasized the complexity of the investigation and the collaborative efforts with the Alcohol, Tobacco, and Firearms Bureau. Detective Sergeant Mike Mavity stated, “This investigation has revealed a sophisticated operation that exploited vulnerabilities in our cargo transport system.”
Conflicting Reports & Gaps
There is currently no information regarding the whereabouts of the gold bars or the identity of the former Air Canada employee believed to be involved in the heist. Additionally, while several suspects have been apprehended, the full extent of the criminal network remains unclear.
What's Next
The investigation continues as authorities pursue leads to recover the stolen gold and apprehend any remaining suspects. Further announcements are expected as the case develops and more details emerge regarding the operational methods used in the heist.
