India's Connection to Canada's Largest Gold Heist: A Deep Dive

The Enforcement Directorate is investigating Simran Preet Panesar in connection with Canada's largest gold theft valued at over USD 20 million. The probe, under the Prevention of Money Laundering Act, seeks to determine if the stolen gold's proceeds reached India, as a case was registered without a request from Canada.

The Enforcement Directorate (ED) has undertaken a comprehensive search of Simran Preet Panesar's Mohali residence. Panesar, suspected of a role in Canada's largest gold heist involving more than USD 20 million, is the focus of intensive scrutiny.

Simran Preet Panesar, identified by official sources and in his thirties, remains unreachable for comments on the allegations. Meanwhile, ED investigators continue their examination and interview of Panesar as part of their inquiries.

In April 2023, gold bars were purportedly stolen from a secured storage at Canada's Pearson International Airport, possibly via fraudulent documentation. The ED launched an independent investigation under the Prevention of Money Laundering Act, exploring whether the heist's proceeds were funneled into India and identifying any local beneficiaries.