Dhoni had earlier said that Meiyappan had nothing to do with cricketing affairs of CSK.
In an interview to English news channel, Modi said CSK must be annulled and its owner N Srinivasan should be banned for life.
"Srinivasan has brought disrepute to the game, he should be banned from entering any sport and it's high time this man is banned from the BCCI," said Modi.
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.
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