The punishment was handed down by a Supreme Court- appointed three-member committee headed by former CJI R M Lodha which held that the betting activities of the two officials, Meiyappan, considered the face of CSK owners, and Kundra, co-owner of Rajasthan Royals, have brought the game of cricket, BCCI and IPL into disrepute.
The Committee also imposed sanctions including life suspensions for Meiyappan and Kundra from being involved in any cricket matches conducted by BCCI.
The Comnmitte was constituted by the Supreme Court in January this year with oits terms of reference being to announve the quantum of punioshment against Meiyappan, Kundra and the two franchisees -- India Cements Ltd, owner of CSK and Jaipur IPL, owner of Rajasthan Royals.