"All those with illegal bowling action should be hauled up and rehabilitated. Only after that they should come back and play cricket," Vengsarkar, also the chief of BCCI's Talent and Development wing, said at the Eden Gardens in Kolkata.
"So, I believe that the latest ICC decision amounted to allowing chucking," the former stylish batsman said.
Vengsarkar doubted whether it was possible for the umpires to decide on the field whether a bowler was straightening his arm by only 15 degree or more.
Earlier this week, the ICC approved the uniform 15-degree rule for all bowlers following the recommendation of an expert panel chaired by Sunil Gavaskar, arguing that it was a 'sensible way forward' to find a solution to a problem afflicting the game for the last 60 years.
According to the earlier rule, fast bowlers could straighten their arms by 10 degrees and spinners were allowed five degrees.
The new rule would come into effect from March 1.