Elspeth Lodge March 2, 2011 – 4:05 pm
Toronto Police are searching for 95 gold bars allegedly bought in Montreal with a fraudulently obtained bank draft.
The bank draft, worth $1,895,751, was withdrawn in February in Montreal.
Two suspects have been detained for trying to sell some of the bars in Toronto, but so far police have only recovered one 10-ounce (nearly 300 grams) bar (pictured, above). And seventy-four like it — from Australia’s Perth Mint, with the mint’s symbol on one side and a kangaroo on the other — are still missing. Police are also looking for nineteen one-kilogram gold bars and two 100-gram bars.
Police are still seeking the identity of the person or persons who obtained the bank draft.
“We’re barking up a few trees, it’s an ongoing investigation” said Detective Ruth Moran of the Financial Crimes Unit on Wednesday.
“They could be from anywhere,” said Constable Tony Vella of the Toronto Police of the suspects. He asked the public to come forward with any information regarding the incident, and warned jewellery and metal businesses to be lookout for the bars.
The first suspect was arrested on February 14 when he tried to sell a bar to a Toronto gold company, said Constable Vella. Two days later, the gold bar was recovered when officers caught a second man allegedly attempting to sell it.
Toronto residents Thevarajah Thambipillai, 55, and Senthuran Kanapathipillai, 32, are both charged with possession of property obtained by crime.
The Canadian Bankers Association is offering a reward of up to $50,000 to anyone who can provide information that leads to the recovery of the gold bars.