The inspector did not identify who had custody of the valuable shipment at the time of the theft, but it would emerge in media reports that Air Canada's cargo operations were handling it when it went missing.
In October, Air Canada was hit with a lawsuit over the theft, with Brink's — the security firm that was transporting the gold and banknotes for separate Swiss clients — seeking millions in damages.
In court documents, Brink's alleges that the unidentified person who undertook the physical theft gained access to Air Canada's cargo facilities less than 45 minutes after the gold and the cash had been deposited there.
Twelve months after the high-value theft at Pearson, Peel Regional Police say investigators are "working around the clock in order to locate, arrest and charge those responsible for this crime."
Police board chair Nando Iannicca — also head of the regional council — and Matt Mahoney, the acting mayor of Mississauga, Ont., both said it was inappropriate to offer comment while the investigation was active.
"For its part, Raiffeisen Switzerland considers the case to be closed," Jan Söntgerath, a media spokesperson for the Swiss bank that contracted Brink's to send the cash to the Vancouver Bullion & Currency Exchange (VBCE), said via email.
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