July 14th, 2015
The Supreme Court committee headed by RM Lodha has proposed a two-year ban on Chennai Super Kings and Rajasthan Royals apart from banning Gurunath Meiyappan and Raj Kundra for life from any cricketing activity.
- Chennai Super Kings & Rajashthan Royals suspended for two years from IPL
- Meiyappan and Kundra suspended for life from any cricket related activities
- Meiyappan’s betting activities brought disrepute to the game and the BCCI: Justice Lodha
- Shares of India Cements, owner of CSK, fall 5% after the verdict.
The IPL scandal erupted in May, 2013, when the Delhi Police arrested Rajasthan Royals players S. Sreesanth, Ankit Chavan and Ajit Chandila and charged them with spot-fixing matches in return for money. Actor Vindoo Dara Singh was also arrested and he alleged the involvement of Gurunath Meiyappan, who was arrested later on charges of betting, cheating and conspiracy.
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