The Justice Mukul Mudgal Committee, also came out with a severe indictment of IPL CEO Sunder Raman who it said knew of a contact of a bookie and had contacted him eight times in one season but did nothing about it.
However, the three-member committee, appointed by the Supreme Court to probe match-fixing and betting allegations in IPL 6 season, cleared Srinivasan of the charges of match fixing and scuttling the investigation.
A provision in the IPL code of conduct says that any Franchise, Group Company or owner acts in any way which effects the reputation of the League or BCCI-IPL, the Franchise will be scrapped.
The Committee, headed by retired High Court Chief Justice Mukul Mudgal with Additional Solicitor General L Nageshwar Rao and senior advocate Nilay Dutta as members, held that Srinivasan's son-in-law Gurunath Meiyappan was involved in betting but not in match fixing.
It also questioned why Rajasthan police stopped probe abruptly on Kundra for his betting activities after the case was transferred from Delhi police.
"This individual also accepted that he had received information about individual 1 (Meiyappan) and individual 11 (Kundra) taking part in betting activities but was informed by the ICC-ACSU chief that this was not actionable information. This individual also accepted that this information was not conveyed to any other individual," the Committee said.
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