If Kaneria's planned appeal against the life ban is unsuccessful he not only faces an end to his cricket career but also has to pay a fine of 100,000 pounds to the ECB.
"The fine could be deducted from his funds held up by Essex county once he was questioned in the spot fixing scandal in 2010," one source close to the bowler told PTI.
Kaneria, who played 61 Tests, enjoyed an annual contract of 120,000 pounds plus other benefits including a car and house from the county for the years he represented them in county cricket.
Tafazzul Rizvi, the legal advisor of the Pakistan cricket Board, who attended the ECB disciplinary hearing as an observer, also said that a heavy fine had been imposed on Kaneria but stopped short of confirming the figure.
"It is a heavy fine and one that the ECB has imposed keeping the severity of the offence," Rizvi said.
The source also said that the phone that was given to Kaneria by the county as part of his employment deal was shown as evidence in the hearing.
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"Apparently Kaneria used the phone to send damning text messages and made some calls to the Indian bookmaker Arun Bhatia and he was asked about these contacts by the ECB panel," the source disclosed.
"Kaneria said that Bhatia wanted to know about the Hindu temples in England and also Indian restaurants that is why the frequent contacts took place with him," the source said.
The source said that the ECB panel had traced back contacts between the two to 2007 and their frequent meetings as well. MORE