Here are the latest developments in the story:
Mr Srinivasan today insisted that he has done no wrong and that he "cannot be be bulldozed into resigning". He termed the clamour for his resignation as "orchestrated pressure". He also claimed "a lot of vested interests do not want me in the BCCI".
He said he had no knowledge about Mr Meiyappan's betting activities and that he hardly watches T20 games.
"You can be sure BCCI will act with same alacrity as with Sreesanth... same rules apply. Steps will be taken objectively, fairly," he replied when asked how the BCCI would deal with his son-in-law.
Several BCCI members reportedly want Mr Srinivasan to quit, sources say. A section of the BCCI has reportedly approached former board president Shashank Manohar to take over as the interim president. (Read)
Mr Meiyappan has been charged with gambling, cheating and conspiracy. He was named by Vindoo Dara Singh, an actor who was arrested earlier this week for his alleged links to bookies involved in spot-fixing IPL games.
Vindoo Dara Singh had reportedly told his interrogators that he bet on games on Mr Meiyappan's behalf, sources say. The actor has also reportedly also said that Mr Meiyappan lost Rs. 1 crore in betting.
Mumbai Police claims that Mr Meiyappan bet on Chennai Super Kings games in the ongoing IPL series. Sources claim that during his questioning, Mr Meiyappan admitted to having placed bets, but said he did so at the insistence of Vindoo.
Mr Srinivasan's India Cements, which owns Chennai Super kings, has distanced itself from Mr Meiyappan and claimed in a statement that he is "neither the Owner, nor CEO/Team Principal of Chennai Super Kings." The statement added that he is "only one of the Members (Honorary) of the Management Team of Chennai Super Kings."
Till Friday evening, Gurunath's Twitter account described him as 'Team Principal, Chennai Super Kings, Managing Director, AVM Productions and Entertainment, AVM Studios, AVM Constructions'. This was changed to 'Managing Director, AVM Productions and Entertainment, AVM Studios, AVM Constructions' around 5.30 pm on Friday soon after India Cements released their statement.
Former IPL Chairman Lalit Modi has said the BCCI chief must resign immediately. "Srinivasan should immediately resign, if he (does) not resign, he should be thrown out immediately...I am very clear about the fact that if we don't take the poison out of the system, the poison is only going to slowly grow and this will be the ruining of a beautiful game called cricket," he said speaking to NDTV. (Watch)
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