Changing regulations for personal benefits The BCCI had a regulation Clause 6.2.4 stated that "no administrator of BCCI could have had, directly or indirectly, any commercial interest in the matches or events conducted by the cricket board". Later, after the start of IPL in 2008, the clause was amended to give unfavorable benefit to BCCI members such that they can own stakes in the IPL, the
ICC Champions Trophy and other
T20 matches. N. Srinivasan became the owner of
Chennai Super Kings (CSK) after this rule was changed. This clause was later brought by the
Supreme Court of India.
Betting and abuse of power In 2013, under the massive
Indian Premier League Spot fixing controversy, N. Srinivasan's son-in-law and CSK team principal
Gurunath Meiyappan was arrested by Mumbai Police under the involvement in heavy betting and trading of inside information to bookies. But ultimately, he stepped aside on 2 June 2013 and appointed
Jagmohan Dalmiya as the interim president. On 27 September,
Supreme Court restrained him from holding the post of
BCCI President until its further orders. On 8 October 2013 Supreme Court allowed N. Srinivasan to take charge as BCCI president. As the president of BCCI he had controversial
conflicting relations with
Mahendra Singh Dhoni, who was then captain of both the
Indian Men's Cricket Team and his IPL Franchise
CSK. Srinivasan had and still has lots of conflicts of interests. He was at one point in time, the president of BCCI, the owner of CSK, a team in IPL, and also the owner of
India cements, a firm in which he had appointed Dhoni as a vice-president. He also used his personal influence and power to halt Dhoni's being removed from captaincy, by interfering in what is supposed to be an independent decision of the
national selectors. On 10 February 2014, a report submitted by the retired High Court Chief Justice
Mukul Mudgal-led committee, accused Srinivasan's son-in-law, Gurunath Meiyappan of illegal betting and passing on sensitive match-related information to bookies during IPL 2013. The 170-page report also stated that his company,
India Cements was liable for Meiyappan's actions and that the
Chennai Super Kings franchise was in violation of the franchise agreement, which may result in the termination of the
Indian Premier League franchise. On 21 March, Meiyappan's voice was found to match a tapped phone conversation discussing match fixing activities On 25 March 2014 the
Supreme Court of India ordered Srinivasan to step down as BCCI president so that a fair investigation may be conducted.
Corruption allegations with Y. S. Jagan Mohan Reddy Srinivasan was one of the main investors in several of
Jagan Mohan Reddy's "suitcase companies" and is a subject of investigation in the Rs. 3000 crore corruption case.
India Cements had invested more than a hundred crores in Jagan's Bharti Cement in return for
quid pro quo favours granted while Jagan's father
Y.S. Rajasekhara Reddy was the chief minister of
Andhra Pradesh between 2004 and 2009. The
Central Bureau of Investigation (CBI) was of the opinion that Srinivasan's company,
India Cements invested Rs. 140 crore into Jagan's business in return for the benefits it received from the
Rajasekhara Reddy government. ==Personal life==