Srinivasan's son-in-law Gurunath Meiyappan, who was till recently referred to as Chennai Super Kings CEO before being disowned by the franchise, was yesterday arrested for alleged involvement in betting.
The development has left Srinivasan cornered and there is a growing clamour for his removal from the top post. But the Tamil Nadu strongman has not given any indication of stepping down on his own despite the growing crisis.
According to a top BCCI official, Manohar has agreed to take up the position on an interim basis till elections are held for a new President.
When contacted, no BCCI official was willing to come on record on this development.
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Srinivasan's term will end in September 2014 as per a new amendment in Board's Constitution, which provides for a 2+1 tenure for the President.
It is learnt that four top BCCI officials have already spoken to Manohar on this proposal.