ED freezes assets worth Rs 9.62 crore in money laundering case against ex-employees of German company's subsidiary

The Enforcement Directorate (ED) has frozen deposits and a demat account worth Rs 9.62 crore in a money laundering case involving former employees of HUF India Pvt. Ltd. The case is based on fraudulent transactions recorded in the company's SAP system, leading to financial irregularities amounting to Rs 139 crore over a decade.

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