Sylvester Stallone’s private jet, limo, and hotel room were raided by authorities yesterday after “suspicious activity” was reportedly seen from the balcony of his luxury suite at the Park Hyatt.

Stallone, 60, was on his way back to L.A. after promoting his latest Rocky film but was allegedly seen trying to dump illegal substances off his hotel room’s balcony. Authorities searched Stallone’s possessions, seized material and is continuing its investigation.

Stallone was eventually allowed to fly out last night and, if found guilty, could serve up to five years in jail and/or $110,000 in fines.

Pictured: Stallone smoking away at his cigar during a round of golf at the Lakes Golf Course in Sydney on Sunday. The day before, he was spotted picking up said cigars at the “House of Fine Cigars & Tobacco.”

Rocky Balboa premiered in the Hollywood section of Los Angeles yesterday to a pretty spectacular guest list that included Sylvester Stallone (Rocky), Sharon Stone, Antonio Tarver (co-star and light heavy weight boxer of the film), actress Talia Shire (Balboa’s wife Adrian in the Rocky movies), actress Emmanuelle Chriqui, Natalie Maines (Dixie Chicks), Milo Ventimiglia, Geraldine Hughes, Bruce Willis, Arnold Schwarzenegger, Burt Young, and Jennifer Flavin (real wife) and family.

Whew! That was quite a list of names! Anyway, I’m so excited for this movie to come out!

Back in February (yeah, I know, that’s a long time ago) Access Hollywood was invited onto the set of Rocky Balboa and they did a short segment on the film and the director.

The greatest underdog story ever told is back for one more! It ain’t over ’til it’s over, that’s for sure. Sylvester Stallone stood in for these portraits in Beverley Hills, CA on Tuesday, December 12, 2006. Stallone was dressed very casually, wearing just a light pink shirt with white stripes and some dark blue jeans. Sylvester Stallone, 60, still looks like he can beat you up.

It’s been over a decade since Stallone made a Rocky movie (the last one, Rocky V, was released in 1990). I grew up watching the Rocky film series and I can say that I’m pretty excited for this next installment to be released. Rocky Balboa (or Rocky VI, to some) will be released in theaters nationwide on December 20th!

Peep the gallery of the photo shoot, Rocky Balboa promos, and an appearance on the Tonight Show with Jay Leno (Friday, Dec. 8th) below.

The Rocky Balboa movie trailer is below as well if you want to check that out.