In an effort to clean up the system, the BCCI has promptly accepted Raman's resignation. It has been learnt that he had been asked by BCCI President Shashank Manohar to put in his papers by October 31.
"Yes he (Raman) has submitted his resignation to the BCCI President and BCCI President has accepted it," IPL Chairman Rajeev Shukla said.
"No doubt he was a very competent person and looked after IPL all these years with maximum ability and command. I appreciate his contribution to the IPL and wish him best for his future."
Soon after taking charge of his second stint, Manohar had expressed his displeasure over the BCCI's decision to retain Raman after his name cropped up in the 2013 IPL spot- fixing scandal.
Raman, who had been associated with IPL since its inception, faced a lot of flak following the outbreak of 2013 IPL spot-fixing scandal involving former Board President N Srinivasan's son-in-law Gurunath Meiyappan and Rajasthan Royals' then co-owner Raj Kundra.
Despite all the controversies, Raman managed to sail through for two years.