ED raids Punjab residence of Simran Preet Panesar, suspect in Canada’s biggest gold heist

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ED raids Mohali home of Simran Preet Panesar, suspect in Canada’s biggest gold heist



In April 2023, Peel Regional Police (PRP) booked nine people, including former Air Canada supervisor Simran Preet Panesar, and issued an arrest warrant against him.Panesar and co-accused Parampal Sidhu, who were living in Brampton at the time, worked at Toronto Pearson Airport’s warehouse facility and are suspected of involvement in the theft of cargo containing 6,600 bars of .9999 pure gold, weighing 400 kg.Around 20 million Canadian dollars (CAD), along with foreign currency worth 2.5 million CAD, arrived at Toronto Pearson Airport on an Air Canada flight from Zurich, Switzerland. It was destined for a bank in the city but went missing on 17 April 2023. Panesar reportedly left Canada three months after the theft.Canadian police suspect that Panesar tracked the flight carrying gold until its arrival and had access to the storage facility. He is also reported to have given police a tour of the facility during the investigation. Meanwhile, Sidhu was arrested in May 2024.In total, Canadian police have arrested six people for their alleged involvement in the theft. A Canada-wide warrant has been issued for Panesar.



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