Peel Regional Police have quietly conceded that millions in gold stolen from Toronto Pearson Airport in April 2023 was likely quickly smuggled out of Canada to the Middle East or South Asia.
“We believe a large portion has gone overseas to markets that are flush with gold,” lead investigator Det. Sgt. Mike Mavity told members of the Peel Police Service Board during a June 21 meeting.
“That would be Dubai, or India, where you can take gold with serial numbers on it and they will still honour it and melt it down…. And we believe that happened very shortly after the incident.”
