ED raids German company's Indian subsidiary in case of alleged fraud fraud involving Rs 130 crore

The Enforcement Directorate has frozen financial assets worth over Rs 9 crore in a money laundering investigation involving former employees of HUF India Pvt Ltd. They allegedly diverted Rs 139 crore from the company between 2010-2020. Raids were conducted in Pune, Maharashtra, and Delhi-NCR, uncovering incriminating documents and financial irregularities.