Who was arrested in connection with the $20 million gold heist in Canada?

Arsalan Chaudhary, 43, was arrested by Peel Regional Police after landing at Toronto airport.

Are there other suspects in the Canadian gold heist?

Yes, police are seeking Simran Preet Panesar, a former Air Canada employee, and Prasath Paramalingam.

What was stolen in the April 2023 Canadian heist?

Over 6,600 bars of gold, valued at more than C$20 million, were stolen.

Home / Crime and Justice / Canada Police Nab Suspect in Massive $20M Gold Heist

Canada Police Nab Suspect in Massive $20M Gold Heist

13 Jan

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Summary

Canadian police arrested one suspect in the $20 million gold heist.
Two individuals, including a former airline employee, are still sought.
The heist involved over 6,600 gold bars stolen in April 2023.

Canada Police Nab Suspect in Massive $20M Gold Heist

Peel Regional Police have arrested Arsalan Chaudhary, 43, following his arrival at Toronto airport from Dubai, in connection with Canada's largest heist of over $20 million in gold. The crime, which occurred in April 2023, involved the disappearance of approximately 6,600 gold bars. Chaudhary faces multiple charges, including theft and possession of stolen property.

Authorities are actively pursuing two other individuals, Simran Preet Panesar, 33, a former Air Canada employee, and Prasath Paramalingam, 36. Panesar is believed to have fled to India, prompting an extradition request. Paramalingam failed to appear in court on August 19, 2024. An additional warrant has been issued for Durante King-Mclean, 27, who has pleaded guilty to firearms trafficking charges in the U.S.

The investigation, codenamed Project 24K, is a cross-border effort involving over 21 charges. The recovery of the gold is ongoing, with the value of the stolen precious metal significantly higher today due to market price increases since the April 2023 heist.