Key Suspect Arrested in Canada’s Biggest Gold Heist
Canadian police have arrested a key suspect in what is described as the largest gold theft in the nation’s history.
Peel Regional Police took 43‑year‑old Arsalan Chaudhary into custody at Toronto Pearson International Airport after he flew in from Dubai.
Chaudhary was charged with theft over $5,000, two counts of possession of property obtained by crime, and conspiracy to commit an indictable offence.
He appeared for a bail hearing in the Ontario Court of Justice in Brampton.
Details of the Heist
The gold theft occurred on April 17, 2023, when a cargo flight from Zurich, Switzerland landed at Pearson.
The container held around 400 kilograms of .9999 pure gold, equivalent to about 6,600 bars, valued at over $20 million, along with about $2.5 million in foreign cash.
Police said the shipment was offloaded and moved to a secure airport facility.
The next day, workers discovered that the gold and cash were missing.
Authorities launched “Project 24K,” a major investigation to track down the stolen items and suspects.
More than 21 charges have been laid against about 10 people so far.
International Hunt Continues
While Chaudhary has been arrested, others remain at large.
One notable suspect is 33‑year‑old Simran Preet Panesar, a former Air Canada employee now believed to be in India.
Police have also issued a Canada‑wide warrant for Prasath Paramalingam, who missed a court appearance in 2024.
Another suspect reportedly involved in transporting the gold still remains unidentified.
Investigators believe much of the stolen gold was moved overseas soon after the theft.
They suspect it may have been melted down and recast into jewelry or other forms, making it hard to trace.
Police Message and Next Steps
Peel police emphasized that the investigation is ongoing.
Authorities have said that no matter where suspects go, they will be pursued.
Chaudhary remains in custody as the legal case moves forward.
Officials continue to work with international partners to locate other suspects and recover assets.
