Canada’s national police force investigated the heist last April at the country’s busiest airport that may have netted thieves more than C$20 million ($14.8 million) in gold taken from a cargo holding area at Pearson.
Swiss bank Raiffeisen Schweiz Genossenschaft and precious metals refining company Valcambi SA had hired Brink’s to move the goods from Zurich to Toronto, the lawsuit said.
Brink’s, in turn, arranged for Air Canada to fly the valuables between the two cities. In the wake of the brazen theft, Brink’s Co. sued Air Canada for allegedly letting a thief slip away with the loot.
The carrier failed to ensure the shipment marked “valuable cargo” had adequate security and protection, Brink’s alleged in the statement of claim, which was filed at the Federal Court of Canada on October 6, 2023.
(With files from Bloomberg)