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…Researched and contributed by Larry John.
On Thursday, police in Canada reported that a group of thieves had stolen gold and other valuable items estimated to be worth $20 million Canadian dollars ($14.8 million) from Toronto Pearson International Airport, which is the country’s busiest airport.
As of now, no arrests have been made, and the police are conducting an investigation.
The Crime Details
The theft took place on Monday evening after the cargo was transported to the airport via a flight.
Peel Regional Police Inspector Stephen Duivesteyn informed reporters that the shipment was carried to a holding facility after being unloaded from the plane.
The robbers allegedly removed the goods from the holding facility through “illegal means.”
Commentary
The robbery of such a large sum of money from a high-security airport is an alarming event.
It highlights the challenges faced by law enforcement agencies and security personnel in securing such vast and busy facilities.
The investigation will have to determine the extent of the security breach and how the robbers managed to circumvent the safety measures put in place to prevent such incidents.
The financial loss of the crime is significant, not only for the companies involved but also for the wider economy.
The value of the stolen goods might affect the exchange rate of the Canadian dollar, especially if the incident leads to a loss of confidence in the country’s security measures.
As such, this theft is a reminder of the importance of investment in security and infrastructure in maintaining a stable and prosperous economy.