Indrani was arrested by Khar Police last night over her alleged role in the murder of Sheena Bora in 2012.
Peter said that though he was in shock, he would cooperate with investigators in the probe.
"I have never experienced anything like this before. The news I am getting, the kind of crime that has been committed, I would have never expected.
"Whatever help, information, police need, I am happy to help them with that. I would be absolutely clear and straight with them and cooperate," he said.
"I don't understand at all with regard to my wife... Sheena Bora is her sister, I believed all these years, and now I am being told that she was her daughter. Whom I thought was her brother, is now her son from an earlier marriage, which I was not aware of. I was aware of one marriage and not so many others. So, now there are number of things that are appearing to me which are completely new to me," he said.
Peter said that his wife always told her that Sheena was her sister.
"I was always told by Indrani that she (Sheena) was her sister. And Sheena always maintained that. My son at one time was in relationship with Sheena. He told me Sheena is not her sister, she is Indrani's daughter. I told him that look, it is not true. Indrani has told me that she is her sister.
"I believed my wife, so much so that it created a rift between me and my son. I have not spoken to him for last three years."
He also said that he was unaware of Sheena having gone missing.
"(Sheena's disappearance) is something I am finding out now. I was told that Sheena has gone to the United States. I am not on Facebook, but I was shown these pictures of Los Angeles or wherever she was. I didn't have her contact number. My son had told me 'see, something is not right', but I said her parents may not be happy with it, so she might have moved to the US... That I told him... He (Peter's son) didn't talk to me then."
Peter said, "I am in shock, really hard to process this information."
Meanwhile, Indrani was produced before Bandra Metropolitan Magistrate court, which remanded her in police custody till August 31, DCP (Detection) Dhananjay Kulkarni said today.
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