Mumbai developer Shobhit J Rajan faces allegations of diverting ₹600 crore raised via secured NCDs by Ecstasy Realty for the Parthenon project. The EOW claims funds were routed through Prabal Infra Agro Farms and Maharashtra Eco Green using forged documents. An FIR is filed, bail is denied, and Rajan faces past controversies, including land grab, shareholder disputes, and green violations.