Gold from Canada's biggest heist likely smuggled to India, Dubai: Police

The stolen cargo, which originated from Zurich, Switzerland, consisted of 6,600 bars of pure gold, weighing 400 kilograms.

Gold from Canada's biggest heist might have been smuggled to India and Dubai, according to Canadian police. Gold worth over $20 million was stolen from Pearson International Airport in Toronto last year.

The gold and cash consignment from Switzerland was stolen from the airport in an operation fit for a Netflix series. Three Indian-origin men are among the accused arrested over the heist.

Canadian police also clarified that only a small amount of gold was melted down in a jewellery store in Mississauga in Canada. Police said they were still searching for the missing gold and any profits from its sale.

The stolen cargo, which originated from Zurich, Switzerland, consisted of 6,600 bars of pure gold, weighing 400 kilograms.

"We believe a large portion has gone overseas to markets that are flush with gold," Lead investigator Detective Sergeant Mike Mavity stated during a meeting of the Peel Police Service Board, reported CBC News.

"That would be Dubai, or India, where you can take gold with serial numbers on it, and they will still honour it and melt it down. And we believe that happened very shortly after the incident," he added.