 "ED raids premises linked to Navneet Kalra in oxygen concentrators case")
The Enforcement Directorate on Friday raided premises linked to businessman Navneet Kalra and his associates in connection with a recent case of alleged hoarding and black-marketing of oxygen concentrators which are being anxiously scoured by those gasping for breath amid COVID-19 pandemic outbreak.
Official sources said the searches are being conducted at various locations in the national capital under provisions of the Prevention of Money Laundering Act (PMLA).
The raids are aimed to gather additional evidence, they said.
The Enforcement Directorate (EC) had recently booked Kalra and others under the anti-money laundering law, taking cognisance of a Delhi Police FIR filed on May 5 after policemen raided some restaurants and premises owned and linked to Kalra.
The police had recovered more than 500 of these life-saving machines from there and it was alleged that they were being hoarded and sold in the black market.
Kalra had denied any wrongdoing and claimed the consignment was kept for regular sale.
He was sent to 14 days judicial custody by a local court here on Thursday.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app