"Meiyappan is neither owner, nor CEO or Team Principal of IPL Franchise Chennai Super Kings (CSK)," India Cements Executive President T S Raghupathy said in a statement.

Gurunath Meiyappan is the son-in-law of BCCI president N Srinivasan.

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"Gurunath is only one of the Members (Honorary) of the Management Team of Chennai Super Kings", he said.

The company said it would assure full co-operation with BCCI and law enforcement authorities on the ongoing probe into the IPL scandal.

The Chennai-based company said it follows "zero tolerance policy" and would take strict action immediately against those found guilty.

Police had stated in Mumbai on May 23 that Vindu, son of late actor Dara Singh, had revealed during questioning he came to know Meiyappan, hailing from a well to do south Indian family which is into film production, five to six years ago at a party for cricketers and was in touch with him since then.

The actor also reportedly claimed he had made many calls to Meiyappan and bet on behalf of the latter following which Meiyappan has been summoned by Mumbai Police.u00a0