$20 million in gold robbed from Pearson Airport in Mississauga by thief with phony document, lawsuit says

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Published October 11, 2023 at 4:14 pm

Gold bars Pearson Airport in Mississauga heist
Brinks is suing Air Canada for the loss of $20 million in gold stolen earlier this year from Pearson Airport in Mississauga.

Brink’s Inc. is suing Air Canada over a $20-million gold heist at Pearson Airport in Mississauga this past spring that garnered headlines around the world.

In court filings, the American security company says an unidentified individual gained access to one of the airline’s cargo warehouses on April 17 and presented a fraudulent waybill — a document typically issued by a carrier with details on the shipment — to Air Canada personnel.

The lawsuit, filed in Federal Court last Friday, claims staff then handed over 400 kilograms of gold plus nearly US$2 million in cash to the thief, who promptly left with the shipment.

The suit says Canada’s largest airline was negligent and failed to follow through on appropriate security measures to prevent theft of the cargo, valued at roughly $22 million in total.

Air Canada declined to comment on the matter, which has not been tested in court, as it proceeds through the legal system.

The Brink’s statement of claim says a pair of Swiss companies — precious metals refinery Valcambi SA and retail bank Raiffeisen Schweiz — contracted it to provide security and logistics for the pricy packages and compensate them for any losses.

In what’s been called the largest heist in Canadian history, the brazen thief or thieves made off with the precious cargo shortly after it had arrived on an Air Canada flight into Pearson.

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