Wakefield was also accused of acting in a misleading, dishonest and irresponsible way in the manner in which he presented the research.
The two-and-a-half-year hearing was one of the longest in British medical history.
"Following the judgement of the UK General Medical Council's Fitness to Practise Panel on January 28, 2010, it has become clear that several elements of the 1998 study by Wakefield et al are incorrect, contrary to the findings of an earlier investigation," The Lancet said.
The original study looked at 12 children aged between three and 10 who had been referred to the department of paediatric gastro-enterology at London's Royal Free Hospital.
After a trouble-free early life, they developed bowel disease and developmental regression, including loss of communication skills.
The study suggested there could be a "possible relation" to the MMR vaccine, which is administered at around 18 months and again at the age of four years, and said further work was needed to confirm this "syndrome."
Running in parallel to the medical implications of the scare has been a long-running debate whether one of the world's most prestigious medical journals should have published the paper, ring-fenced it with clearer warnings or retracted it sooner when the flaws first became known.
Despite the furore, Wakefield remains a hero to some parents of children with autism, who portray him as victim of a witch hunt.
Autism is the term for an array of conditions ranging from poor social interaction to repetitive behaviours and entrenched silence.
The condition is rare but seems to affect predominantly boys.
Its causes are fiercely debated.
Theories range from exposure in the womb to the male hormone testosterone, environmental factors after birth and genetic factors, including "sporadic," or accidental, mutations as opposed to inherited ones that are passed down through generations.
Source-AFP
TAN