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SATURDAY, MAY 10, 2025
Suspect in Canada's largest gold heist to surrender

World+Biz

Reuters
15 June, 2024, 11:20 am
Last modified: 15 June, 2024, 11:25 am

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Suspect in Canada's largest gold heist to surrender

Simran Preet Panesar faces charges in connection with the April 2023 theft from Toronto's Pearson airport

Reuters
15 June, 2024, 11:20 am
Last modified: 15 June, 2024, 11:25 am
Police officers open the back of the truck used in the heist after authorities gave details of the arrests made one year after some 400 kg (882 pounds) of gold and almost $2 million USD in cash was stolen from Toronto Pearson International Airport, at a news conference in Brampton, Ontario, Canada April 17, 2024. Photo: REUTERS/Carlos Osorio/File Photo
Police officers open the back of the truck used in the heist after authorities gave details of the arrests made one year after some 400 kg (882 pounds) of gold and almost $2 million USD in cash was stolen from Toronto Pearson International Airport, at a news conference in Brampton, Ontario, Canada April 17, 2024. Photo: REUTERS/Carlos Osorio/File Photo

A former Air Canada manager who is wanted for his alleged role in a $20 million gold heist, the largest in Canadian history, is preparing to turn himself in, his lawyer told the Canadian Broadcasting Corp on Friday.

Simran Preet Panesar faces charges in connection with the April 2023 theft from Toronto's Pearson airport.

His lawyer, Greg Lafontaine, told CBC that Panesar was out of the country but did not say where. Lafontaine said he had informed authorities that Panesar planned to return to the country voluntarily within the next few weeks to surrender.

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"He is anxious to have an opportunity to demonstrate his absolute innocence," Lafontaine said.

Lafontaine told CBC that Panesar was very confident in the justice system and that "when this prosecution is over, he will have been absolved of any wrongdoing."

Police said in April they had arrested six people and were looking for three more.

The suspects, including two Air Canada employees, are accused of forging an airway bill to steal a cargo arriving from Switzerland of 6,600 gold bars weighing 400 kg (882 pounds) and C$2.5 million in foreign currency, police officials said.

Lafontaine's office said he was not able to comment further.

Police said earlier this month that they had arrested and charged Archit Grover, another individual allegedly involved in the gold heist.

Gold Theft / Canada

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