Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="8146" type="PERSON" weightage="20" keywordseo="ness-wadia">Ness Wadia</keyword> – the heir to one of India’s oldest conglomerates – was reportedly arrested in <keyword id="6355311" type="UNKNOWN" weightage="20" keywordseo="japan">Japan</keyword> in March for possession of drugs. </li><li>The reports say Wadia argued that the drug was for his personal use. </li><li>Shares of the <keyword id="55359" type="COMPANY" weightage="20" keywordseo="Wadia-Group">Wadia Group</keyword> have fallen by 17%, post his arrest. </li></ul>The heir to one of India's legacy businesses – Ness Wadia – has been arrested in Japan for alleged possession of drugs. Wadia, who is the heir to the 283-year old Wadia group has been arrested while on a skiing holidaying in Japan. He has been sentenced to jail for two years, according to <a href="https://www.ft.com/content/04135fce-6803-11e9-9adc-98bf1d35a056">Financial Times</a>. In early March, Wadia was arrested in the New Chitose Airport for the possession of cannabis. Wadia has also confessed to the possession of drugs for personal use, according to <a href="https://www.cnbctv18.com/economy/ness-wadia-wadia-group-heir-sentenced-to-2-year-jail-term-in-japan-for-drugs-possession-says-report-3131451.htm">reports</a>. The arrest of the business scion comes in the wake of Japan gearing up for Olympics 2020, where the country has become more stringent with its narcotics laws. Post Wadia’s arrest, the shares of the Wadia group have fallen by 17%, according to <a href="https://economictimes.indiatimes.com/markets/stocks/news/wadia-group-shares-plunge-up-to-17-on-ness-wadias-sentencing-in-japan/articleshow/69109255.cms">reports.</a> The Wadia group has reportedly said that Wadia is back in India. Wadia is a director in majority of the companies of the group – which is the owner of Britannia industries and also runs the airline GoAir. He is also the co-owner of the IPL team <keyword id="13883" type="COMPANY" weightage="20" keywordseo="Kings-XI-Punjab">Kings XI Punjab</keyword> along with his ex-girlfriend and actor Preity Zinta.

You Searched For "Ness wadia arrest" and got 1 results

Ness Wadia arrested for carrying drugs in Japan, sentenced to jail for 2 years

Sanchita Dash

Popular Keywords

Buying Guides