Canada's Largest Gold Heist Arrest
Analysis based on 19 articles · First reported Jan 12, 2026 · Last updated Jan 13, 2026
The arrest of Arslan Chaudhary and ongoing investigation into the Gold heist at Toronto Pearson International Airport highlights security vulnerabilities in logistics and cargo handling, potentially leading to increased insurance premiums or stricter regulations for air freight companies. The involvement of a former Canada employee, Simran Preet Panesar, could negatively impact Canada's reputation and operational security protocols.
Canadian authorities have made a new arrest in connection with the country's largest-ever Gold heist, dubbed 'Project 24K'. Arslan Chaudhary, described as a key planner, was arrested at Toronto Pearson International Airport after arriving from United Arab Emirates — Dubai. The heist, which occurred on April 17, 2023, involved the theft of approximately 400 kilograms of Gold and $2.5 million in foreign currency from a cargo shipment that arrived from ETH Zurich. The investigation has led to charges or warrants against ten individuals, including former Canada employees like Simran Preet Panesar, who is believed to be in India and accused of exploiting airline systems to divert the cargo. Other suspects, including Archit Grover, Parmpal Sidhu, Amit Jalota, Prasath Paramalingam, Ali Raza, Ammad Chaudhary, and Durante King-Mclean, have also been arrested or are wanted. Canada — Peel Regional Police are leading the cross-border investigation, emphasizing their commitment to dismantling sophisticated criminal networks.
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