Two IPL players detained as Mumbai police bust rave party

May 21, 2012

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Mumbai: The hundred people, who were detained by the Mumbai police last night during a raid at a rave party, have been let off this morning. Those detained included a large number of celebrity children and people connected to the film industry. Many of them were foreigners.

The raid was conducted at the famous Oak Woods Hotel in Juhu, where the rave party was being held.

Two IPL players - Rahul Sharma and Wayne Parnell of Pune Warriors - were also detained on charges of consuming banned drugs. Rahul, however, said that he was at the hotel but at a different party. "I went for a birthday party at Oakwoods Hotel in Juhu. I had just reached there but nobody was present."

His mother too said her son has done no wrong. "My son is fine, he went for a birthday party. How would he know whether people are going to take drugs over there or there is going to be a police raid? My son is fine, there is no problem. He has done no wrong," she said.


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The players have undergone a medical test but the reports are yet to come in so there is no final confirmation yet that they did consume banned drugs.

Actor Himanshi Choudhary, who was present there, said it wasn't a rave party. "Wasn't a Rave. It was just a party. All in hospital for blood test now," she tweeted this morning.

"This wud not have been blown outta proportion. I heard the figures on drugs procured, seems bizarre. Will only know after da results of test," another tweet from her said.

Additional Commissioner of Police Vishwas Nagre Patil said that 58 boys and 38 girls were taken to Cooper hospital for a blood and urine test.

"The stuff was being disposed after consumption, so we are going to find out who the peddlers were and who organised the party. All details will be given only after complete investigation," he said.

The police had seized 110 grams of cocaine and drugs like Ecstasy from the spot and the source of the drug is being investigated. A case has been registered under the Narcotic Drug and Psychotropic Substances (NDPS) Act.



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News Network
March 22,2024

IPL.jpg

The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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