Majority of Toronto Airport $20 Million Stolen Gold Likely in Dubai or India, Police Say

(L–R) Peel Regional Police Chief Nishan Duraiappah, Det.-Sgt. Mike Mavity, Peel Regional Police Det. Gordon Oakes, and U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives Special Agent in Charge Eric DeGree pose for photo at a press conference in Brampton, Ont., on April 17, 2024, regarding Project 24K, a joint investigation into a theft of gold from Toronto Pearson Airport in April 2023. The Canadian Press/Arlyn McAdorey

Peel Regional Police say a significant portion of the gold stolen from Toronto Pearson Airport in April 2023 has likely been smuggled to Dubai or India.

The heist saw 6,600 gold bars worth $20 million and roughly $2.5 million in various foreign currencies stolen from an Air Canada storage facility at Toronto Pearson Airport. Police said a small quantity of the gold was melted down in a jewelry shop in Toronto, while the rest is believed to have been sent abroad.