[Live Updates From SC] : Chidambaram Bail Hearing

SG- He had full knowledge of everything that was happening. Creation of shell companies, modification of shareholding..and those controlling these companies were directly in touch with him, also got FIPB approvals, not just for INX but other companies too.

SG- Economic offences are premeditated, unlike murder which can be done in the heat of the moment. To say that bail should be granted because "I'm no ranga billa" does not hold good

SG : HC findings that tampering with witnesses is not a threat in this case is factually incorrect.

We have emails that were exchanged on his behalf. There exist benami properties outside India which can be traced to him.

SG- Gravity must be seen from the kind of impact the offence has on society

SG : Chidambaram is a very powerful person and we possess documents to prove that he continues to wield control over very crucial witnesses, inside or outside custody.

ASG Nataraj has been reading out from the counter affidavit of Enforcement Directorate.

Now Solicitor General Tushar Mehta arrives.