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Largest gold ‘Heist’ in Canadian history, cops dub it Netflix worthy

Reports claim two Air Canada employees were involved in the theft.

News Arena Network - Ottawa - UPDATED: April 20, 2024, 11:22 PM - 3 mins read

Largest gold theft of Canadian history

Largest gold ‘Heist’ in Canadian history, cops dub it Netflix worthy

Peel Regional Police has arrested five out of nine people involved in the largest gold theft of Canadian history.


Heist— a Netflix series gets a reality check when reports of nine men allegedly stealing $14.5 million in gold at Canadian airport surfaced. Two Air Canada employees were also included in the plan. All of them, reportedly, face 19 charges.

 

Peel Regional Police has announced the arrest of five men and the warrants for four others on the one-year anniversary of the caper at Toronto’s Pearson International Airport.

 

The theft is being considered the largest gold thievery in Canadian history. The amount was looted from a shipping container at the airport, reports claim.

 

At a press conference, Police Chief Nishan Duraiappah has jokingly referred the theft as a part of the Netflix series.

 

Simran Preet Panesar, 31, and Parmpal Sidhu, 54, was employed with Air Canada.

 

The other seven are: Durante King-Mclean, 25, Prasath Paramalingam, 34, Archit Grover, 36, Arsalan Chaudhary, 42, all four of Brampton; Amit Jalota, 40, of Oakville, Ammad Chaudhary, 43, of Georgetown, and Ali Raza, 37, of Toronto, according to the local outlet.

 

The nine men allegedly stole more than $20 million CAD, or roughly $14.5 million USD, in gold, as well as more than $2 million in foreign banknotes after King-Mclean drove a truck into the warehouse after giving a man a duplicated waybill.

 

Reportedly, waybill had been reprinted on an Air Canada printer and said King-Mclean would be picking up a shipment of seafood that had actually been picked up the day before.

 

“They needed people inside Air Canada to facilitate this theft,” Detective Mike Mavity said at a press conference.

 

Air Canada has, reportedly, denied the allegations that its employees did not properly examine the document and claimed it had not taken out insurance on the valuable cargo.

 

Most of the stolen gold had been melted down and police could recover only a fraction of the haul.

 

Police showed two handwritten lists of payouts to the men involved in the theft.

 

Chief Duraiappah believes the gold was used, in part, to buy guns and smuggle them into Canada, which is how King-Mclean got arrested outside the country.

 

The 25-year-old is currently in US custody after being pulled over in September in Pennsylvania on suspected motor vehicle violations, but is still wanted in Canada for the charges.

 

King-Mclean faces conspiracy to engage in international firearms trafficking charges in the US.

 

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