Overview
- Peel Regional Police said a Canada-wide warrant names Panesar, 33, a former Air Canada employee believed to be in India, on charges including theft over $5,000 and conspiracy.
- Investigators allege Panesar used insider access to identify the Zurich shipment and manipulated the air‑cargo system to enable the container’s removal at Toronto Pearson Airport.
- On January 12, police arrested suspect Arsalan Chaudhary at Toronto Pearson after his arrival from Dubai, calling it a key step in Project 24K.
- ED officials in India say they are coordinating with Canadian authorities and cite records indicating over Rs 8.5 crore moved via hawala into Panesar-linked accounts, including transfers to M/S Star Makers Entertainment.
- Police say nine people have been charged or named in the case and two remain outstanding, with the stolen shipment comprising about 400 kg of gold and approximately $2.5 million in foreign currency.