Both Sharjeel and Khalid Latif were suspended and then charged last month by the Pakistan Cricket Board after being accused of meeting a suspicious person linked to an international betting syndicate during the Twenty20 Pakistan Super League tournament.
Sharjeel reveals how he got 'tricked' into meeting bookie
Last year, Sharjeel struck a blistering 59 as he and Latif shared a century stand during Pakistan's crushing nine-wicket win over England in a Twenty20 international at Old Trafford.
But with Sharjeel's cricket future uncertain while a tribunal considers his case, Leicestershire will look to wicketkeeper-batsman Ronchi, who has a strike rate of 141.33 in 32 Twenty20 internationals to provide similar fireworks.
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"The contractual status of Sharjeel is a private matter between Leicestershire CCC and the player, and so unfortunately it is not something that we are able to comment on at this stage," said a club statement.
Meanwhile Ronchi, 35, told the club's website: "I am delighted to have signed with Leicestershire Foxes for the NatWest T20 Blast. I love playing county cricket and can't wait to get started with my new team-mates," added Ronchi, who has previously played for Somerset and Birmingham (Warwickshire) and featured in every match of New Zealand's run to the 2015 World Cup final.
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Meanwhile it was also announced that Ronchi's fellow New Zealand international Matt Henry will play in the Blast for Leicestershire's Midlands rivals Derbyshire.
The 25-year-old fast-bowler appeared in county cricket for Worcestershire last year.
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