ED probes Canada gold theft case suspect in Mohali and chandigarh

ED probes Canada gold theft case suspect in Mohali and chandigarh

Nabaz-e-Punjab, Mohali, February 21
The Enforcement Directorate today raided the rented accommodations in Sector 38 and Sector 79 of Simran Preet Panesar, one of the nine suspects in the $20 million gold heist from the Toronto Pearson International Airport in April, 2023.
ED sleuths reached the suspect’s house around 6am and conducted investigation till 4pm. Sources said both Panesar and his wife were probed in the matter for around 10 hours. The sleuths along with four bags of documents, left the house around 4pm after which Panesar, with mask on, and his wife drove away to an undisclosed location. Neither ED nor Panesar talked with the media.
An Enforcement Case Information Report (ECIR) under the Prevention of Money Laundering Act has been registered.
In April 2024, Peel Regional Police (PRP) booked nine persons, including former Air Canada supervisor Panesar and issued an arrest warrant against him. Panesar and co-accused Parampal Sidhu, who lived in Brampton, were then employed at Toronto Pearson’s warehouse facility and are suspected to have played a role in the theft of cargo containing 6,600 bars of gold weighing 400kg. Around 20 million Canadian Dollars (CAD), and foreign currency worth 2.5 million CAD also went missing on April 17, 2023.
Canada police suspects Panesar tracked the flight carrying gold till its arrival and had access to the storage facility. He is reported to have given a tour to Canada police of the facility during investigation. Panesar reportedly left Canada three months after the truckload of gold went missing.