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(Kitco News) – One of Canada’s biggest gold heists in history has a new twist as Air Canada is now being sued by Brinks.
According to the court filings, the Miami-based security and transportation firm accused the Canadian airline of “negligence and carelessness” as it alledgely allowed the thieves to get away with 400 kgs of gold and 1.95 million in cash. The thieves got away with about $17 million in gold and money.
The unidentified people were allowed into the secure cargo facility at Toronto Pearson Airport and absconded with the ill-gotten loot after presenting a fraudulent waybill.
In the lawsuit, Brinks said it was hired by Swiss bank Raiffeisen Schweiz and precious metals refining company Valcambi to move the cash and gold from Zurich to Toronto.
The gold and cash were stolen in April. While police continue to investigate, there have been no arrests, and no gold has been recovered.
“This is still a very active ongoing investigation, and information will be released when investigators believe it will not interfere with the investigation’s integrity,” Peel Regional Police spokesperson Aruna Aundhia said in a comment to Bloomberg.
Brinks added in its lawsuit that Air Canada failed to enlist reasonable and appropriate security measures and protocols to prevent the robbery.
“No security protocols or features were in place to monitor, restrict or otherwise regulate the unidentified individual’s access to the facilities,” Brinks alleges in the statement of claim.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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