Mulchandani, a British passport holder, was allegedly passing match information to a betting website through his laptop by masquerading as a journalist.
Only the Board of Control for Cricket in India is authorised to issue accreditation cards to the members of foreign media covering cricket matches in India.
An IAS officer of the rank of Principal Secretary in the Punjab government, who is also vice-president of the Punjab Cricket Association will conduct the enquiry and fix responsibility for issuing accreditation card to the punter who enjoyed all privileges on the first three days in the press box.
Bindra also disclosed that a First Information Report in this connection has been lodged with the Punjab Police.
Mulchandani's functioning arouse suspicions since he was keying information even when there was no play. However, the alleged punter was not filing any match report.
When the matter came to the notice of the PCA authorities, they confiscated his accreditation card and was removed from the stadium yesterday.