Arrests made in $14.5 million gold theft from Toronto's Pearson International airport

Arrests made in $14.5 million gold theft from Toronto airport. Thief presented fake document and walked away with gold and cash.

Toronto authorities have announced the arrest of individuals involved in the theft of a cargo container containing gold and other valuables worth more than 20 million Canadian dollars. The incident, which occurred at Pearson International Airport a year ago, has raised concerns about airport security and the safety of high-value cargo.

Peel Regional Police, in collaboration with the U.S. Alcohol, Tobacco and Firearms Bureau, revealed that significant progress has been made in the case. The authorities will provide further details and information on the arrests during a press conference scheduled for Wednesday. This development comes after the police reported the theft of a "high value" container from a holding area facility, shortly after it was unloaded from an arriving plane.

Legal Disputes and Allegations

Following the theft, Brinks, a reputable cash handling company, filed a lawsuit against Air Canada, alleging negligence and improper conduct in handling the cargo. In response, Air Canada refuted the allegations, asserting that it had fulfilled its contractual obligations and denied any wrongdoing. The legal battle between the two entities has also brought to light discrepancies in the documentation and handling procedures related to the stolen cargo.

According to court documents, an unidentified individual managed to gain unauthorized access to the airline's cargo warehouse and used a fraudulent waybill to take possession of approximately 400 kilograms of gold, comprising 24 bars, along with nearly $2 million in cash. This significant breach of security has raised concerns about the vulnerability of high-value shipments and the need for enhanced security protocols within the air cargo handling process.

The theft of such a substantial amount of gold and cash has not only prompted legal disputes but also raised questions about liability and international treaties governing air cargo transportation. As the investigation progresses and arrests are made, the authorities are expected to delve deeper into the implications of the Montreal Convention and the extent of Air Canada's liability in this high-profile case.

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