Board joint secretary Sanjay Jagdale and treasurer Ajay Shirke had submitted their resignations to the president on Friday. Press Trust of India reported that Srinivasan took into account the resignations of his colleagues before submitting his own resignation.
Their resignations which threw the running of the cricket body into fresh turmoil were front-page news in Indian newspapers with leading daily, The Times of India, declaring in a headline "Game All But Over for Srinivasan".
On Friday evening, the isolated BCCI chief ruled out his resignation.
Srinivasan has been pushed to step down after his son-in-law Gurunath Meiyappan was arrested last week for allegedly betting on Indian Premier League (IPL) matches.
Meiyappan, an executive at the Chennai Super Kings IPL team which is owned by Srinivasan's business empire India Cements, is being probed by a three-member BCCI commission.
Arun Jaitley, vice president of the Board of Control for Cricket in India (BCCI), hinted to reporters in New Delhi that a shakeup was in the offing for the world's richest cricket body in the next 24 hours.
"You'll hear something significant today (Saturday)," Jaitley said when asked by journalists to comment on media reports that all five BCCI vice presidents, including himself, were ready to resign if Srinivasan refused to quit.
Jaitley did not elaborate.
The resignation of the BCCI secretary and treasurer came just six days after the BCCI boss insisted he had the board's unanimous support.
Indian news channel NDTV, quoting unnamed sources, reported that the BCCI vice-presidents were piling pressure on the under-fire board president to quit.
"Either you go or we go," the television station quoted the five BCCI vice-presidents as telling their boss.
The arrest of Srinivasan's son-in-law came after Test paceman Shanthakumaran Sreesanth and two teammates in the Rajasthan Royals -- Ankeet Chavan and Ajit Chandila -- were also taken into custody.
All the accused deny any wrongdoing.
The players are in jail in New Delhi after police accused them of deliberately bowling badly in exchange for tens of thousands of dollars after striking deals with bookmakers.
Srinivasan, who was elected as the BCCI president in 2011, can only be removed if two-thirds of the board's members vote against him.
BCCI Joint Secretary Anurag Thakur said Friday that he had sought a special general meeting of the board, where he and other members could "speak their minds".
Former BCCI treasurer Shirke was quoted by the Times of India as saying after his resignation that the BCCI "board's credibility comes before anything else. I can't work with anyone who can't see the writing on the wall".
COMMENTS (6)
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@darbullah: Where does Pakistan come from? Spot-fixing scandal in 2010 happened in UK land, so UK police had to involve in it, however this time around this one happened at Indian soil, so Indian police has got to deal with it.
Good that Indian police action is bearing fruit unlike Pakistan where British police had to act.
The Board of Cool Cricket in India (BCCI) should not employ its own relatives. Every man should me given a fair and decent chance to enter the positions. The recent scam revealed corruption of 65 billion dollars. Although an insignificant amount given the huge Indian economy no corrruption should be tolerated.
@Fawad: "Quit is not the solution. The corrupted one should be punished!"
The BCCI chairman has not been accused of corruption, his osn in law has been. His son in law is being investigated and to ensure that the investigation is fair, the father in law who could influence it is quitting.
Quit is not the solution. The corrupted one should be punished!