N Srinivasan on way out? Major development soon,says Arun Jaitley

8220;Wait for a day,you will hear something significant,8221; said Jaitley when asked if the five Vice Presidents of the Board,including him,could put in their papers today.

The crisis in the BCCI has deepened with every passing day after Srinivasan8217;s son-in-law and Chennai Super Kings Team Principal Gurunath Meiyappan was arrested for alleged involvement in betting.

Srinivasan,whose company India Cements owns CSK,refused to resign despite repeated calls for his ouster,insisting that he did no wrong.

He has,however,convened an Emergency Working Committee meeting next week hours after information spilled out that the ICC had warned Meiyappan to keep away from bookies at the start of IPL.

Significantly,Jagdale,who is also a member of the three-member inquiry commission to go into allegations against Meiyappan and CSK,also opted out of the inquiry committee.

8220;I have expressed my inability to join the probe,8221; Jagdale said yesterday when asked whether he would continue in the panel which has two retired Judges on it.

There was intense speculation that joint secretary Anurag Thakur will also put in his papers today to put more pressure on Srinivasan.

The five Vice Presidents are Jaitley North,Niranjan Shah West,Sudhir Dabir Central,Chitrak Mitra East and Shivlal Yadav South.