The BCCI said that Shah was found guilty of breaching the Board's Anti-Corruption Code for participants and the matter was referred to its disciplinary committee for further action.
"BCCI would wish to inform that Mumbai Cricketer, Hiken Shah, has been suspended with immediate effect. He was found guilty of breaching BCCI's Anti-Corruption Code for participants," the BCCI said in a statement issued by Board Secretary Anurag Thakur.
"His involvement in any form of cricket, affiliated with the BCCI stands suspended till the time the disciplinary committee of the BCCI passes appropriate orders," it added.
"Hiken Shah made a corrupt approach to one of his colleagues from first-class cricket, who is also a member of one of the IPL teams. The approached player immediately informed the incident to his franchise team. The franchise team followed the process of informing the incident to the Anti Corruption Unit of the BCCI," the BCCI stated.
Also Read
A source told PTI that the player approached by Shah was Rajasthan Royals' Pravin Tambe, who promptly took the matter to the BCCI.
The news of a player being approched had come to light before the start of this year's IPL. The BCCI had confirmed the incident but had not disclosed any names at that time.
BCCI President Jagmohan Dalmiya said the action against Shah was part of the Board's zero tolerance policy towards corruption.