Mumbai, Nov. 23 -- The Bombay high court (HC) last week dismissed a plea filed by city builder Gurunath Phondekar of Vaidehi Akash Housing, who was arrested by the economic offences wing (EOW) of Mumbai Police in 2017 for duping several flat buyers, challenging cancellation of bail granted to him.

According to EOW officials, the builder had agreed to undertake a slum rehabilitation project at Andheri and had accepted considerable amounts from buyers of flats, even receipt of commencement certificate from the planning authority. Later, the society removed Vaidehi Akash Housing after noticing that the project had not progressed at all.

On August 14, 2017, the magisterial court granted bail to the builder as he claimed to have settled the ...