Overview
- Peel Regional Police confirmed a formal extradition request for Simran Preet Panesar, 33, who is wanted on charges of theft over $5,000 and conspiracy under a Canada-wide warrant.
- Another suspect, 43-year-old Arsalan Chaudhary, was arrested on January 12 at Toronto Pearson International Airport after arriving from Dubai and faces multiple counts tied to Project 24K.
- India’s Enforcement Directorate has searched locations linked to Panesar and opened a money‑laundering case, alleging hawala transfers and routing of funds through entertainment ventures, while stating it remains in contact with Canadian counterparts.
- Investigators say at least nine people have been charged or named with more than 21 counts, with two suspects still at large including Panesar and Prasath Paramalingam.
- Police believe most of the roughly 400 kilograms of .9999‑pure gold was moved overseas and possibly melted, with only cash, vehicles, high‑end watches and firearms recovered so far.