The sting operation was performed by reporters of India TV Jamshed Khan and Sushant Pathak posing as representatives of various teams. The operation was started in May 2011 and lasted until April of the following year. According to the operation, Srivastava revealed that the money they received from the franchises was black money. According to India TV, he was ready to spot-fix; however, the conversation is only recorded in an audio tape. Bali, who was not in contact with any franchise, claimed to have been involved in spot-fixing during the 2009 season. Mishra claimed that his franchise, Pune Warriors India, gave him around ₹12 million (US$190,000) to ₹14 million (US$220,000). This was against the BCCI guidelines; being an uncapped player, Mishra could not receive more than ₹3 million (US$48,000). TP Sudhindra also bowled a no ball in a domestic match on the wish of the reporter.
The BCCI carried out a preliminary inquiry headed by Ravi Sawani, the ICC Anti-Corruption Unit's former chief and the current head of the BCCI Anti-Corruption Unit. IPL chairman Rajiv Shukla announced that the IPL would recommend "strict action against those players who were found guilty" and that "the five players have been suspended from all cricket activities with immediate effect." BCCI president N. Srinivasan added that the organisation has zero tolerance for corruption and would "not tolerate this nonsense".