The Enforcement Directorate, in its charge sheet, mentioned that absconding jeweller Nirav Modi created dummy companies in India as well as abroad for money laundering activities, in its chargesheet filed on March 24.

In a charge sheet filed on March 24 this year, the ED said, "Nirav Modi created dummy companies abroad, and few in India too, namely Bentley Properties Pvt. Ltd., Mac Business Enterprises Pvt. Ltd., Firestone Trading Pvt. Ltd. etc with the purpose of acquiring properties & laundering ill-gotten money." "There were few companies only created in order to facilitate layering and laundering of funds obtained fraudulently from PNB and to camouflage the real intention & identity of beneficiaries of the funds siphoned off from PNB," the chargesheet further pointed out.