Lawstreet Journal

Delhi Court grants bail to Matrix Cellular CEO Gaurav Khanna and VP Gaurav Suri in oxygen concentrator black marketing case

Lawstreet Journal 13 May 2021 1:53am

Image courtesy: Lawstreet Journal Judiciary Delhi Court grants bail to Matrix Cellular CEO Gaurav Khanna and VP Gaurav Suri in oxygen concentrator black marketing case

The Chief Metropolitan Magistrate’s Court in Saket, Delhi on Wednesday (12/05/2021), granted bail to Matrix Cellular’s Chief Executive Officer Gaurav Khanna and Vice-President Gaurav Suri in the case related to alleged hoarding and black marketing of oxygen concentrators in the capital.

The matter was heard by Arun Kumar Garg, Chief Metropolitan Magistrate, Saket Court.

The accused were arrested last week in connection with the recovery of 419 oxygen concentrators from various locations in Lodhi Colony and Mehrauli. The oxygen concentrators are alleged to have been imported by Matrix Cellularfrom China for selling at exorbitant prices to the public in desperate need of the device for their near ones suffering from Covid-19. It is alleged that the oxygen concentrators were sold at Rs.70,000 when the actual worth of the device was just Rs 28,000.

During the hearing, the accused denied the allegation of black marketing of the medical devices. It was submitted that the prices were fixed considering the cost incurred in importing and selling the device in times of high demand. Further, it was argued that there was no order capping the price of the device when the raids and arrests happened.

It was argued by the accused that the customs duty on the imports were duly paid and the sale was taxed under the GST regime. It was further argued that the investigation and arrest were of the nature of a "fishing and roving inquiry". The accused also submitted that the devices were imported not only from China but also from Europe and… Continue Reading...

Tagged: Navneet Kalra   Corona Updates   Black Marketing  
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