Lawsuit sheds light on how suspect walked off with $20M in gold during Pearson heist

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Lawsuit sheds light on how suspect walked off with $20M in gold during Pearson heist
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Security company Brink’s has launched a lawsuit against Air Canada following the gold heist at Toronto’s Pearson International Airport last spring, alleging that the airline allowed an unidentified individual to walk away with $20 million in gold and millions in cash after presenting personnel with a fraudulent waybill.

In the company’s claim, Brink’s said shortly after the valuables landed at Pearson and the cargo was offloaded, an unknown person was able to gain access to the airline’s cargo storage facilities.

“Had AC made the necessary and appropriate inquiries in the circumstances, the unidentified individual’s ability to steal the cargo entrusted to its care would have been entirely avoided,” read the company’s claim. According to the court filing, Swiss bank Raiffeisen Schweiz and Valcambi, a precious metals refining company based in Switzerland, hired Brink’s to provide security and logistics services to transport the banknotes and gold from Zurich to Toronto.

The statement of claim alleges that Air Canada was “reckless” and “failed to enlist reasonable and appropriate security measures and protocols” to prevent the cargo from being stolen.

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