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IPL Betting - Chennai Super Kings, Rajasthan Royals Banned

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IPL Beating Verdict Out today and it's a huge setback for Chennai Super Kings and their fans.

The Supreme Court committee headed by ex-CJI RM Lodha is set to prescribe punishment for Chennai Super Kings official Gurunath Meiyappan and Rajasthan Royals co-owner Raj Kundra for being involved in betting in IPL 2013.

Chennai Super Kings suspended for two years.  There are the Two-time IPL winners and now they have been suspended from IPL for two years.

India Cements (owner of Chennai Super Kings) shares are down.

CSK official Gurunath Meiyappan suspended for life from involvement in any type of cricket matches: Justice Lodha

Same quantum of punishment for Raj Kundra

Rajasthan Royals have damaged the faith of BCCI and the sport and Raj Kundra has been found guilty of misconduct. He was placing bets through a known punter and was constantly in touch with bookies. He is now ineligible from taking part in cricket for five years and suspended for life from being involved with BCCI: Justice Lodha on Raj Kundra

Gurunath Meiyappan has been suspended for life

'Misconduct of Gurunath Meiyappan proven. He was part of CSK and by betting he violated anti-corruption code. It is difficult to accept Guru has passion for the game. He also suffered loss of 60 lakh in bets. If Meiyappan's reputation is tarnished, it is small compared to the damage done to the sport. He has been suspended for life from cricket activities: Lodha

Rajendra Mal Lodha (born 28 September 1949) was the 41st Chief Justice of Supreme Court of India. Before being elevated to the Supreme Court of India, Lodha served as the Chief Justice of Patna High Court. He has also served as a Judge in Rajasthan High Court and Bombay High Court.

The Lodha committee was formed on January 22, 2015 by the Supreme Court after the Mudgal committee, appointed as an investigator into the IPL 2013 scandal, submitted its report. The committee, comprising retired Chief Justice of India, RM Lodha, and retired Supreme Court judges, Ashok Bhan and R Raveendran

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