Businessman Navneet Kalra and his associates residences, owned premises raided by the Enforcement Directorate (ED) on Friday, in alleged case relating to hoarding and black marketing of oxygen concentrators, which were further sold to those, gasping for breath amid second wave outbreak of COVID-19.

Under Prevention of Money Laundering Act (PMLA), raids are being conducted at various premises owned and linked to Kalra including restaurants in South Delhi, to gather additional evidence. Through the raids, police seized 500 oxygen concentrators from Kalra’s premises, which were alleged being hoarded and sold in black market.

The Enforcement Directorate, in a statement, quote it has registered an enforcement case information report (ECIR) on the basis of the First Information Report (FIR) registered by Delhi Police against Navneet Kalra.

Kalra had denied of being guilty, claiming the consignment was kept for regular sale.

He was sent to 14 days judicial custody by a local court here on Thursday.