Goa Police has said the activities of the company run by former state tourism minister Fransisco Mickey Pacheco were "very suspicious" and seems to be "a cover for something else".
"There was no formal and structured functioning (of the company). Everything seemed to be working as a personal fiefdom of Pacheco," the Crime Branch in its application to the Panaji Bench of Bombay High Court has said.
"There were no meetings and decisions of the Board of Directors. The activities of the company are very suspicious and seems to be cover for something else," it said.
Police had vehemently opposed the anticipatory bail plea of Lyndon Monteiro, close aide of Pacheco, who is wanted in case of death of 28-year-old Nadia Torrado.
Crime branch investigations have revealed that Nadia worked in Pacheco's company, Bresources Management Pvt Ltd.
Nadia had consumed poison on May 15 and thereafter she died on May 30 in a private hospital in Chennai.
Pacheco is accused of abetment of suicide in the case while his aide, Monteiro, is accused of destroying the evidence. The duo are on the run since June 6.