"We need to take appropriate measures to curb fixing. Now a day, a lot of youngsters are playing cricket. They are getting fascinated to making easy and fast money by the bookies," he said.
"There has to be stringent measures and the guilty should be heavily punished at any cost. This is very unfortunate," Waugh added.
Suspended by ICC, Pakistan Test skipper Salman Butt and pace duo of Mohammad Asif and Mohammad Aamer are under the scanner for their alleged role in spot fixing scandal exposed by a British tabloid.
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