India, Nov. 5 -- The sessions court has refused anticipatory bail to Poonam Ashit Doshi, director of Zeus Housing & Construction Ltd, in connection with an alleged cheating and misappropriation case linked to the Zeus Residency project in Sion Koliwada, where homebuyers claim to have lost crores of rupees.

The Economic Offences Wing (EOW) of the Mumbai police, which is investigating the case, has accused Doshi and her husband, Ashit Doshi, also a director of the company, of diverting over Rs.77 crore collected from homebuyers in the sale component of the Slum Rehabilitation Authority (SRA) project.

The prosecution had contended that despite selling nearly 100 flats and collecting over Rs.1,000 crore, the Doshis failed to complete the co...