India has vehemently opposed the DRS, saying it does not trust the technology to be foolproof, blocking its usage in the upcoming tour of England most recently.
Boycott said it is just the fear of BCCI's money might that is preventing other Boards from speaking up in favour of DRS.
"Many countries that play cricket are frightened to death of India's financial power. You've got to understand that before you get to voting on anything at the ICC," he said.
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"When you play international cricket, every country has its own television rights with its home broadcaster. When India come, you've got a number of TV stations queuing up in India to get the rights to beam the coverage in India and they pay a lot of money for that. Other countries don't have the same financial buying power.
"So nobody wants to offend India. Nobody wants to create a situation where they say, 'We're not going to tour.' I'm not saying India say that, and I'm not saying India are putting the pressure on and blackmailing; they don't. But, underneath, these countries are frightened to speak up," Boycott explained.
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