Peel Regional Police have arrested another suspect in the theft of millions of dollars in gold from Toronto Pearson International Airport in Mississauga, nearly three years after the heist.

Police say Arsalan Chaudhary, 43, of no fixed address, was taken into custody shortly before 9 a.m. on Monday, Jan. 12, after landing at Pearson on a flight from Dubai in the United Arab Emirates.

He has been charged with theft over $5,000, two counts of possession of property obtained by crime and conspiracy to commit an indictable offence. He was held for a bail hearing in Brampton. The charges have not been tested in court.

Arrival arranged in advance

Insp. Mike Mavity of Peel police told CP24 that Chaudhary, through his lawyer, contacted police in December to say he would be flying into Toronto, which allowed officers to prepare for the arrest.

With his arrest, 10 people have now been charged in connection with the theft.

Canada's largest gold heist

The theft happened on the evening of April 17, 2023. Police allege the equivalent of 6,600 gold bars, valued at about $20 million, were taken from an Air Canada cargo facility at the airport along with foreign currency. The gold had arrived from Zurich on an Air Canada flight earlier that day.

Police allege a suspect arrived at the warehouse in a five-tonne truck, which was loaded and then headed along Highway 401 toward the Milton area.

Very little of the gold has been found. Mavity said police have recovered roughly a kilogram, along with some cash believed to be profits, and that gold can be melted down and shipped to overseas markets.

Unfortunately, there's a lot that's out there. We haven't been able to find it all.

— Insp. Mike Mavity, Peel Regional Police, to CP24

Two suspects still sought

Police say two other men charged in the case remain at large. One, a former Air Canada employee, is believed to be in India, and Mavity said an extradition request has been served on the Indian government. The other is the subject of a warrant after failing to appear in court in August 2024. Peel police urged both to seek legal counsel and turn themselves in.

Anyone with information can contact Peel Regional Police or Peel Crime Stoppers anonymously at 1-800-222-8477.