Overruling all allegations against him, the cricketer said, "I am innocent and have done no wrong. I have never indulged in any spot fixing. I have always played cricket in the spirit of the game."
"...as a cricketer, I have learnt to take knocks along with accolades, in my stride. I recognise that I am going through a tough period in my life" added the Kerala pacer in his statement which was emailed by his lawyer Rebecca John to media organisations.
Dressed in a blue T-shirt and jeans, Sreesanth along with other arrested cricketers and bookies were taken to Delhi court on Tuesday. The judge, however, extended their police custody till Saturday.
The police also said that Sreesanth and two other players, Ajit Chandila and Ankeet Chavan, could face life terms if charges of spot fixing against them are proved.
The possibility came up after the Delhi Police charged them for criminal breach of trust under Section 409 of the Indian Penal Code.
Charges under Section 409 are being invoked on grounds that the cricketers flouted the "exclusive tripartite agreement" between the BCCI, Rajasthan Royals and the player. The agreement has a specific anti-corruption provision.
The police added the criminal breach of trust to the original case registered under Sections 420 (cheating) and 120B (criminal conspiracy) after receiving complaint from the Royals on Monday that the players had broken the team's trust. While Section 420 carries a maximum punishment of seven years' jail, Section 409 provides life term as the maximum punishment.