• Latest
  • Trending
  • All
Air Canada rejects blame in $24M gold theft at Toronto Pearson as it faces Brink’s lawsuit

Air Canada rejects blame in $24M gold theft at Toronto Pearson as it faces Brink’s lawsuit

November 21, 2023
Freya Anderson Pips Eva Okaro In 100 Free

Freya Anderson Pips Eva Okaro In 100 Free

April 21, 2025
Aussie Weekly Wrap: Smith breaks drought in Houston | 7 April, 2025 | All News | News and Features | News and Events

Aussie Weekly Wrap: Smith breaks drought in Houston | 7 April, 2025 | All News | News and Features | News and Events

April 21, 2025
Piastri bests Verstappen after first turn Saudi Arabian scuffle

Piastri bests Verstappen after first turn Saudi Arabian scuffle

April 21, 2025
Golf punished 2 golfers this weekend. And the scene was also beautiful

Golf punished 2 golfers this weekend. And the scene was also beautiful

April 21, 2025
Top favourites Jai Hindley and Antonio Tiberi predict open, aggressive Tour of the Alps in key pre-Giro test

Top favourites Jai Hindley and Antonio Tiberi predict open, aggressive Tour of the Alps in key pre-Giro test

April 20, 2025
Zhao Xintong – ‘I know I can be a champion again on the tour’

Zhao Xintong sends message with scoring masterclass

April 20, 2025
Angharad Evans Eyes Breaststroke Double

Angharad Evans Eyes Breaststroke Double

April 20, 2025
Serena Williams Named to Time’s 100

Serena Williams Named to Time’s 100

April 20, 2025
UNDER ARMOUR LAUNCH NEW LINE OF DRIVE PRO SERIES SHOE – Golf News

UNDER ARMOUR LAUNCH NEW LINE OF DRIVE PRO SERIES SHOE – Golf News

April 20, 2025
World Women’s Snooker Championship 2025 | Enter Now

World Women’s Snooker Championship 2025 | Enter Now

April 20, 2025
James Guy and Duncan Scott to battle in 200 free at British Trials

James Guy and Duncan Scott to battle in 200 free at British Trials

April 20, 2025
Australian Claycourt Championships kick-start junior tennis calendar | 9 April, 2025 | All News | News and Features | News and Events

Australian Claycourt Championships kick-start junior tennis calendar | 9 April, 2025 | All News | News and Features | News and Events

April 20, 2025
Friday, March 27, 2026
My Afro Daily
  • Home
  • Global News
  • Basketball
  • Cycling
  • Football
  • Formula 1
  • Golf
  • Snooker
  • Swimming
  • Tennis
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
My Afro Daily
No Result
View All Result

Air Canada rejects blame in $24M gold theft at Toronto Pearson as it faces Brink’s lawsuit

by Venesa6
November 21, 2023
in Global News
0
Air Canada rejects blame in $24M gold theft at Toronto Pearson as it faces Brink’s lawsuit

Air Canada has fired back in a lawsuit by security firm Brink’s, saying the airline bears no responsibility for the daring theft of $23.8 million in gold and cash from its facilities at Toronto’s Pearson airport earlier this year.

A thief walked walked away with the costly cargo after presenting a phoney document at an Air Canada warehouse on April 17, according to the Brink’s filing last month.

In a Nov. 8 statement of defence, Air Canada rejected “each and every allegation” in the Brink’s suit, saying it fulfilled its carriage contracts and denying any improper or “careless” conduct.

The country’s largest airline goes on to say that Brink’s failed to note the value of the haul on the waybill — a document typically issued by a carrier with details of the shipment — and that if Brink’s did suffer losses, a multilateral treaty known as the Montreal Convention would cap Air Canada’s liability.

Story continues below advertisement

“Brink’s Switzerland Ltd. elected for its own reasons not to declare a value for carriage and to pay the standard rate for the AC Secure services product and, to Air Canada’s knowledge, elected not to insure these shipments,” the Air Canada filing reads, adding that Brink’s was “fully aware of the consequences.”

In Federal Court filings last month that claim breach of contract and millions of dollars in damages, Brink’s said an “unidentified individual” gained access to the airline’s cargo warehouse and presented a “fraudulent” waybill shortly after an Air Canada flight from Zurich landed at Pearson.

The statement of claim says staff then handed over 400 kilograms of gold in the form of 24 bars — currently worth about $21.1 million — plus nearly US$2 million in cash to the thief, who promptly “absconded with the cargo.”

Even the cash — it converts to nearly $2.7 million Canadian — weighed a bundle, with the banknotes registering more than 53 kilograms.

The suit claims Air Canada was “negligent” and failed to follow through on “appropriate security measures” to prevent theft of the goods.

Trending Now

  • Fresh-cut fruit brands recalled in multiple provinces for salmonella risk

  • What causes red wine headaches? Scientists may have uncorked the mystery

A pair of Swiss companies — precious metals refinery Valcambi SA and retail bank Raiffeisen Schweiz — contracted Brink’s to provide security and logistics for the shipment and compensate them for any losses, according to the Brink’s suit. The gold was bound for Toronto-Dominion Bank, while the cash was en route to the Vancouver Bullion and Currency Exchange.

Story continues below advertisement

Brink’s arranged in mid-April for Air Canada to haul the cargo to Toronto from Switzerland. It was delivered at Pearson just before 4 p.m. on a drizzly Monday, deposited at a glass-walled Air Canada warehouse on site at 5:50 p.m. and retrieved by the mysterious thief, who showed up 42 minutes later, the filings state.

Because Brink’s failed to pay an extra fee or a make a “special declaration of interest in delivery,” Air Canada is not liable for losses, the statement of defence claims, citing the Montreal Convention, which applies to international flights.

However, the Brink’s filing argues that it did pay a premium and the waybills were clearly marked as “banknotes” and “goldbars,” on top of a warning on the paperwork: “Special supervision is requested. Valuable cargo.” The Montreal Convention thus imposes no ceiling on the sum it can recover from the carrier, according to Brink’s.

A police investigation is ongoing, with no arrests so far and the shipments still missing.

&copy 2023 The Canadian Press


Previous Post

PHOTOS: Citywide Middle School Girls Basketball Tournament

Next Post

The MrQ Cue Challenge – Win A John Parris Cue!

Venesa6

Venesa6

Next Post
The MrQ Cue Challenge – Win A John Parris Cue!

The MrQ Cue Challenge - Win A John Parris Cue!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Privacy Policy
  • Contact Us

Copyright © 2023 - All rights reserved.

Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
  • Home
  • Global News
  • Basketball
  • Cycling
  • Football
  • Formula 1
  • Golf
  • Snooker
  • Swimming
  • Tennis

Copyright © 2023 - All rights reserved.