On Thursday night, Zinta, in a written complaint to Marine Drive Police Station, accused the Wadia scion and co-owner of the King XI Punjab IPL team of molesting and abusing her.
Wadia Saturday issued a statement denying Zinta's allegations.
"I am shocked at the complaint and the allegations made against me are totally false and baseless," Wadia said.
Police may contemplate any action against Wadia after questioning witnesses and examining video clips of the IPL match in Mumbai a fortnight ago when the alleged incident of molestation took place.
Among other things, Zinta has accused Wadia of grabbing her hand and abusing her during a cricket match in Wankhede Stadium here.