Massive Gold Heist At Canadian Airport

The Toronto Sun reported that a massive gold heist, worth $22 million in gold and banknotes, occurred at Pearson Airport in Toronto.

A major heist at Pearson Airport in Toronto has left a major bank out $22 million and a leading airline wondering what went wrong.

The theft, first reported by the Toronto Sun, happened on Monday in the early evening hours and saw $22 million worth of gold and banknotes stolen. A confidential memo shared with the Sun stated that the bank in question was TD while the airline was Air Canada.

Asked for a comment, Air Canada sent a terse note from a generic email address.

“Hello, we have no information to provide. Please contact the Peel Police,” the email read in full.

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TD did not respond to several requests for comment sent to the bank.

It’s understood that the gold and banknotes were being shipped as part of an intra-bank transaction, though the identity of the other bank in the transaction isn’t known at this time.

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“An aircraft arrived here at the airport in the early evening and as per normal procedure, the aircraft was unloaded, and cargo was transported from the aircraft to holding cargo facility,” Insp. Stephen Duivesteyn said during a Thursday evening press conference.

Initially, sources said the amount of gold stolen was 3,600 pounds, which would have a value of over $100 million USD or over $140 million CAD. According to one source, the fact that police are saying the amount stolen was just over $20 million means the thieves only took a portion of the shipment, not the whole thing.

Two Indian-origin start-up executives, Outcome Health co-founder and former CEO Rishi Shah and co-founder and former president Shradha Agarwal, were convicted of a $1 billion fraud in the US.

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