"The Working Committee today decided to suspend Raj Kundra on allegations of gambling on IPL VI matches till the pendency of inquiry," a senior working committee member and BCCI office-bearer told PTI.
"Kundra will be debarred from taking part in any cricketing activity related to Rajasthan Royals which effectively means that he won't be seen during Rajasthan Royals matches in the upcoming Champions League Twenty20 in September," he said.
The Board's head of the interim arrangement, Jagmohan Dalimya, was forced to call the meeting after the Delhi Police claimed that Kundra, a minority (11.7 per cent) shareholder in Rajasthan Royals, had confessed to betting during the IPL matches.
If the charges are proved, Rajasthan Royals face the prospect of being terminated from the IPL and to avoid this fate, the franchise has already distanced itself from Kundra.
BCCI's Anti Corruption and Security Unit chief Ravi Sawani also tabled his report on the three tainted cricketers -- Test pacer S Sreesanth, Ashok Chandila and Ankeet Chavan -- who have been arrested for alleged spot-fixing.
The working committee decided to forward the report to the Board's disciplinary committee.
"The sealed report of Sawani was not opened at the meeting as the committee found it prudent to hand it over to the disciplinary committee," the official said.
"As is the process of natural justice, the players, once they are out of judicial custody, will be summoned for presenting their side of the story before the final verdict is pronounced," he added.