Sources aware of the case said the four-day proceedings of the hearing had nearly been completed with Kaneria also having recorded his statement after his former Essex teammate, Mervyn Westfield gave his statement to the panel on the spot-fixing case.
"The cross examination of Westfield has also been completed so the verdict is expected on Friday which will decide Kaneria's future," one source said.
The punishment came after Westfield testified against Kaneria in the hearing, claiming the Pakistani player had instigated him to accept money to underperform in a county match against Durham in September 2009 that was later investigated by the Essex police.
The investigations led to the ECB hearing and life ban on Kaneria who took 261 Test wickets before he was sidelined from the team by Pakistan Cricket Board in September 2010 because of the spot fixing investigations going on against him in England.
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The ECB had to summon Westfield for the appeal hearing through a High Court order.
If Kaneria's appeal is dismissed by the independent panel, it would be a disaster for him as he has also been ordered by the ECB disciplinary panel to pay costs of 100,000 pounds.
The PCB has also already suspended Kaneria from all levels of cricket pending the outcome of his appeal hearing.