Peter Mukerjea was arrested by the CBI on November 19, 2016.
The prosecution on Wednesday wrapped up its argument opposing the bail application of former media baron Peter Mukerjea arrested by the Central Bureau of Investigation (CBI) in Sheena Bora murder case.
Special public prosecutors Bharat Badami and Kavita Patil argued that investigation was still underway and the CBI will be placing more documents related to the case before the court.
"Though Peter was in the UK (in April 2012 when the murder took place), he was in constant touch with (his wife and prime accused) Indrani," Mr Badami said.
The murder was a fall-out of a conspiracy to which every accused was party, he noted.
CBI also submitted the case diary before the court. Investigation was at a crucial stage and tampering with the evidence was possible if the bail was granted, the lawyers added.
Peter Mukerjea's bail application had been rejected once earlier. He was arrested on November 19, 2016. Other arrested accused are Indrani Mukerjea, her former husband Sanjeev Khanna and her driver Shyamvar Rai.
Indrani Mukerjea, Mr Rai and Mr Khanna allegedly strangled Sheena Bora (24), Indrani's daughter from earlier relationship, inside a car in April 2012. The crime came to light last August.
According to the CBI, the crime was linked to financial transactions.