New Delhi: The Supreme Court Tuesday said that betting by Gurunath Meiyappan - son-in-law of the sidelined BCCI president N. Srinivasan - was like insider trading wherein even if he was not placing bets in his own name, he was passing on the information to bookies.

"It is like an insider trading. Even if Gurunath Meiyappan may not be betting in his own name, he was passing on the information to bookies," said the apex court bench of Justice T.S.Thakur and Justice Fakkir Mohamed Ibrahim Kalifulla as senior counsel Harish Salve told the court that Meiyappan was in the know of every move of the IPL franchise Chennai Super Kings (CSK).