Arsalan Chaudhary Sentenced for Pearson Gold Heist
Analysis based on 7 articles · First reported Apr 09, 2026 · Last updated Apr 10, 2026
The gold heist at Toronto Pearson International Airport highlights security vulnerabilities in the logistics and aviation industries, potentially leading to increased scrutiny and costs for cargo handling. The involvement of an Air Canada employee could negatively impact the company's reputation and stock price.
Arsalan Chaudhary, 44, has been sentenced to four years in prison and ordered to pay $22 million in restitution for his role as a main organizer in the largest gold heist in Canadian history. The incident occurred on April 17, 2023, at Toronto Pearson International Airport, where 400 kilograms of Gold, valued at over $20 million, and $2.5 million in foreign currency were stolen from a cargo shipment that arrived from Switzerland===Zurich, Switzerland, via an Air Canada flight. Chaudhary was arrested in January after flying in from Dubai and pleaded guilty to theft over $5,000. Police believe the stolen Gold was melted and sold to fund illegal activities, including the purchase of firearms. The investigation by Canada===Peel Regional Police is ongoing, with several other suspects arrested and two, including a former Air Canada employee, still at large. Authorities have seized some Gold, smelting equipment, and hundreds of thousands of Canada===Canadian dollar.
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