India, Oct. 15 -- The sessions court has granted anticipatory bail to a 54-year-old real estate developer accused of cheating a Bandra-based builder of around Rs.52 crore in a Vile Parle slum rehabilitation project.

Additional sessions judge NG Shukla granted bail to the accused, Kedar Bhikaji Bapat, and said that Bapat had played no role in the deception committed by his firm. The case was registered by the Economic Offences Wing (EOW) accusing Bapat of criminal breach of trust.

According to the FIR, Bapat's firm, Vijayraj Realtors had an agreement with MM Corporation in 2013, for redeveloping a slum in Vile Parle. Investigators alleged that following the redevelopment, Vijayraj Realtors sold 27 flats and a shop which were a part of th...