In a letter to Latif, PCB chairman Shaharyar Khan said his case has been referred to the disciplinary committee for investigation as well as follow-up action.
Not one to take anything lying down, the volatile Latif responded to the Board's move by threatening to open the "pandora's box" and maintaining that as an individual he was free to make any comment.
Latif was quoted as saying by local daily 'The News' that he had certain "details and information" which had led him to question the result of the fourth One-dayer in Lahore and he had forwarded those to the ICC's Anti-Corruption Unit (ACU).
"If the Board wants to open the pandora's box, then I cannot help it. But I have been in constant touch with the ACU on this issue and have already given them whatever information I had with me," he said.
Latif is accused of claiming on a private TV channel that the fourth One-day international between Pakistan and India in Lahore was "fixed".
Although Latif subsequently denied having said that the match was fixed, Shaharyar pointed out in the letter that there were clear implications in his statement that the match was "fixed".