<h1>Four realty firm directors denied pre-arrest bail in Rs 600 crore fraud case involving diverted debenture funds</h1> A Mumbai sessions court rejected pre-arrest bail applications for four directors of a realty firm in a Rs 600 crore financial fraud case. The Economic Offence Wing filed charges based on a complaint alleging the company fraudulently diverted funds raised through secured debentures for a residential project through layered transactions benefiting promoters and related entities. The accused claimed innocence and argued the case was filed to harass them, contending the allegations were fabricated and filed after unjustifiable delay for offences allegedly committed between 2018-2023.