Gitanjali Group chief Mehul Choksi and Nirav Modi's Shell companies under scan

New Delhi, Feb 21: The Enforcement Directorate (ED) is probing 120 shell companies allegedly linked to dimond trader Nirav Modi and Gitanjali Group chief Mehul Choksi even as Income Tax officials claimed to have found two companies linked to Nirav that received Rs 555 crore from foreign companies between 2013 and 2014.

"The agency is investigating 79 shell companies owned by the Gitanjali Group chief and 41 owned by Modi in India," an ED official told IANS on the condition of anonymity.

He said the agency is examining if the money taken from banks was diverted to these shell companies.

According to ED officials, Nirav Modi, Neeshal Modi, and Mehul Choksi are directors or partners in about 100 companies registered with the Registrar of Companies in Mumbai.