Canadian authorities have sought the assistance ofIndiato extradite Simran Preet Panesar, the prime suspect in a massive gold heist that took place atToronto Pearson International Airportin April 2023. The case, described as the largest gold theft inCanada’s history, involved cargo valued at more than $20 million.
Panesar, 33, a former employee ofAir Canadafrom Brampton, is accused of orchestrating the theft of nearly 400 kilograms of .9999-pure gold — approximately 6,600 bars — along with $2.5 million in foreign currency. Investigators believe he used insider access to airline systems to identify and divert the high-value shipment before fleeing to India.
The operation, codenamed Project 24K, centred on a shipment that arrived from Zurich, Switzerland, and was stored overnight in a secure airport cargo facility before being reported missing. Police said the theft was highly coordinated, involving both insiders and external accomplices. So far, ten people have been charged with more than 21 criminal offences, but most of the stolen gold remains unrecovered.
Peel Regional Police ChiefNishan Duraiappahunderlined the importance of Panesar’s extradition, warning that those involved in the crime would be pursued across borders. “No matter where you run or hide, we will find you,” he said.
Panesar is facing serious charges, including theft over $5,000 and conspiracy to commit an indictable offence. Canadian authorities have urged him to surrender voluntarily and seek legal counsel, noting that the investigation remains active and further arrests are possible.
The extradition request now puts the spotlight on India–Canada judicial cooperation, with Indian authorities expected to examine the request under existing extradition treaties and domestic law before deciding on Panesar’s surrender. Investigators say the case will be a key test of cross-border collaboration in tackling complex international crime.
