News

Published January 12, 2026

Another suspect arrested in $20M gold heist at Toronto Pearson airport in 2023

By Canadian Press Staff
Another suspect arrested in $20M gold heist at Toronto Pearson airport in 2023
A Peel Regional Police logo is seen in Ottawa, on Sunday, Sept. 28, 2025. THE CANADIAN PRESS/Spencer Colby

Police in Peel Region say another suspect has been arrested in the theft of more than $20 million in gold and $2.5 million in cash from Toronto's Pearson airport in 2023.

Police say a 43-year-old man of no fixed address was arrested at the airport Monday as he flew in from Dubai and was charged with theft over $5,000, conspiracy to commit an indictable offence and two counts of possessing property obtained by crime.

Police say that on April 17, 2023, a flight arriving from Zurich, Switzerland carried a cargo shipment containing 400 kilograms of gold – valued at more than $20 million at the time – and about $2.5 million in foreign currency, and the items were reported missing the following day.

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Police have called it the largest gold heist in Canadian history, and seven other suspects have previously been arrested in the case.

They say they've issued a warrant for a 27-year-old from Brampton, Ont., who recently pleaded guilty to firearms trafficking-related charges in the United States and is expected to be sentenced later this year.

Police say two suspects also from Brampton, Ont., including a former Air Canada employee, are still at large and warrants have been issued for their arrests. 

This report by The Canadian Press was first published Jan. 12, 2026.

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