John Higgins has been fined £75,000 and given a six-month suspension after admitting "intentionally giving the impression to others that they were agreeing to act in breach of the betting rules" and failing to report the incident to World Snooker.
The Scot was videoed agreeing to throw frames by undercover journalists at a meeting in Kiev, however Higgins argued that he never intended to go through with the claims.
The more serious charges of "agreeing or offering" to accept bribes and "agreeing to engage in corrupt or fraudulent conduct" were withdrawn following a two-day hearing in London as World Snooker accepted Higgins' version of events.
The former world number one's manager Pat Mooney did not escape punishment either with Mr. Ian Mill QC laying the blame firmly at the door of the player's agent.
Mooney has been banned from taking part in snooker for life with Mill suggesting that the agent had led Higgins to the meetings without telling him the nature of the discussions.
After hearing the decision Higgins made a statement screened on Sky Sports News describing his relief at the decision. "I welcome today's judgement following an exhaustive enquiry into allegations against me by a tabloid newspaper."
"I am pleased that the WPBSA and Sports Resolutions have concluded that I was not guilty of any dishonesty and had no intention of fixing a match and no intention of doing anything corrupt.
"The statement I made in May immediately after the newspaper accusation was 100 percent true then as it is 100 percent true today," explained the three-time World Champion.
"I've never been involved in any form of snooker match fixing. In my 18 years playing professional snooker I've never intentionally missed a shot never mind intentionally lost a frame or match.
"If I'm guilty of anything it's naivety in trusting those who I believed were working in the best interests of snooker and myself. I admit that I should have informed the WPBSA of the events immediately on my return from Kiev.
"This has been a traumatic time for me and those close to me. It's been made all the more hurtful by the knowledge that I never have and never would fix a snooker match."
