"Now it's time for cricket establishment to wake up and bury the entire India Cement team that has taken over the global cricket," Modi tweeted.
Meiyappan, formerly the Team Principal of the Chennai Super Kings, was indicted for betting by a three-member commitee headed by Former Punjab and Haryana Chief Justice Mukul Mudgal, which was appointed by the Supreme Court to investigate the IPL spot-fixing scandal.
Srinivasan had defended Meiyappan, calling him merely a "cricket enthusiast".
"Glad to see that Justice Mudgal report - confirms just what I had been saying. Life ban on all connected is a must. So I guess Srini's 2 day victory as future warlord of cricket was short lived," Modi tweeted.
"Waiting to get copy of report before commenting. But if CSK owners are caught betting and fixing team needs to be annulled as per rules," he added.
His lawyer Mehmud Abdi echoed his client's sentiment.
"For CSK team to underperform, it would have required direct involvement of CSK boss N Srinivasan as most of the players in CSK are employees of India Cements and under direct influence and control of Srinivasan who can also make or break their career in BCCI itself," he said.