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Mumbai: A magistrate court in Mumbai has acquitted four accused in a nearly three-decade-old cheating and criminal breach of trust case in which 7 to 8 office-bearers of the society allegedly siphoned off funds worth approximately Rs 1.64 crore and used the money to purchase immovable properties. While acquitting the last three accused, the court observed that during the course of the trial, two key accused had were already been discharged earlier, while proceedings against one accused had abated after he was declared deceased by a civil court, and trials against two others had were been separated earlier as they were absconding.