Authorities have made a major arrest in connection with Canada's largest gold heist, which involved a staggering 6,600 gold bars valued at nearly $15 million. Authorities nabbed Arsalan Chaudhary, one of the alleged masterminds, as he landed at Toronto’s Pearson International Airport from Dubai. Charged with multiple offences, Chaudhary's arrest is a key development in the extensive investigation known as “Project 24 Carat.”

The arrest of Chaudhary represents a significant breakthrough in a case that has captivated the nation since the theft of gold bars from Toronto in April 2023. This audacious heist saw a suspect using fraudulent documents to intercept the shipment, originally flown in by Air Canada from Zurich. Peel investigators believe they have melted the gold, sold it to various buyers, and still haven't recovered it.

Officials suspect an inside job, with a former Air Canada employee still at large, believed to have played a pivotal part. Earlier arrests include a suspect taken into custody in Pennsylvania in 2024. In addition to the arrest, authorities seized $312,000 in cash—supposed profits from the illicit sale— along with smelting equipment.

The gold was initially transferred from a plane to a cargo facility on April 17, 2023. Later, a suspect arrived with a fake airway bill and reclaimed the shipment, driving off with the precious cargo. The theft was discovered only when Brink's Canada workers arrived to collect the consignment, reported ABC News.

Key Takeaways:

• Arsalan Chaudhary was arrested upon arrival from Dubai in connection to the heist.

• 6,600 gold bars, valued at $15 million USD, remain unrecovered.

• Investigation continues with focus on an inside job, including a missing Air Canada ex-employee.

  

Adapted by ASEAN Now from ABC News 2026-01-15

 

 

Whose gold was it?

On 1/15/2026 at 3:08 AM, webfact said:

6,600 gold bars valued at nearly $15 million

Gold bars ??

15.000.000 / 6.600 = 2.272 a piece .

More like 6.600 little 1oz "bars" back when it was stolen.

Now it would be 6.600 0,5oz "bars".