Ness Wadia arrested in Japan: Ness Wadia, the heir of the Wadia Group, has reportedly been sentenced to two-year jail term in Japan for possessing banned drugs. According to a report in the Financial Times, Ness Wadia was arrested at New Chitose Airport in the Japanese island of Hokkaido in March after custom officials recovered 25gm of cannabis from him. A local court handed Wadia, who owns the Kings XI Punjab franchise of the Indian Premier League, two year jail sentence which was suspended for five years, the report said. Also Read:\u00a0GoAir for sale! Wadias looking to offload stake in airline business A spokesperson of the\u00a0over 200-year-old conglomerate said that the sentencing won't impact the role and responsibilities of Ness Wadia, who\u00a0is director in group firms like Bombay Dyeing and Bombay Burmah Trading Corporation Ltd. Ness Wadia, who is the eldest son of chairman Nusli Wadia has assets worth $7billion as per an assessment by Forbes. This is not for the first time that Ness Wadia had a run-in with the law. The Mumbai Police had filed a chargesheet against him in February, 2018 after Bollywood actor Preity Zinta filed a molestation complaint in 2014. The Mumbai Police filed a charge sheet against businessman Ness Wadia about four years after actor Preity Zinta filed a case of molestation against him. Preity Zinta, who is a co-owner of Kings XI Punjab team, had in May, 2014 approached the police with a complaint that Ness Wadia molested, abused and threatened her inside Wankhede stadium in Mumbai. The Bombay High Court, in October 2018, had quashed the case after both Zinta and Wadia agreed to settle the issue amicably.