कोशिश गोल्ड - मुक्त

Justice Varma failed to account for cash found at residence: SC panel

Business Standard

|

June 20, 2025

The money recovered in March from the storeroom of the New Delhi residence of Justice Yashwant Varma, then with the Delhi High Court, was unaccounted cash and he was unable to explain where it came from, which justifies his impeachment, according to the committee constituted to probe the allegations of cash discovery.

- BHAVINI MISHRA

Justice Varma failed to account for cash found at residence: SC panel

"The factum of the burnt cash having been found in the store room was undeniably established and therefore, the burden shifted upon Justice Varma to account for the said cash/money by giving a plausible explanation which he failed to do except projecting a case of flat denial and raising a bald plea of conspiracy," the committee report said, adding that he was also unable to prove the money did not belong to him but to someone else. He did not disclose who the cash belonged to.

The committee also concluded that the storeroom, where the fire broke out and where the cash was found, was on the premises of the judge's residence.

The control of the room and permission to have access to it were with Justice Varma and his family members.

Business Standard से और कहानियाँ

Business Standard

Business Standard

US move on Venezuela oil lifts RIL, ONGC prospects

Indian oil majors, primarily Reliance Industries Ltd (RIL) and ONGC Ltd, could see a revival in business ties with Venezuela after the US pushed for control of the South American nation’s oil sector fol-

time to read

2 mins

January 06, 2026

Business Standard

Business Standard

US Supreme Court increasingly favours the rich: Ivy League varsities

Supreme Court justices take two oaths.

time to read

2 mins

January 06, 2026

Business Standard

Business Standard

NIMs stable, liquidity challenge looms

‘The past year was marked by large foreign investment in the banking sector, policy rate cuts by the Reserve Bank of India (RBI) that compressed banks’ margins, stress in the microfinance segment, and muted credit growth.

time to read

2 mins

January 06, 2026

Business Standard

Business Standard

Reimport after 1 yr: Need permission under notification 45/2017-Cus

We had exported our manufactured goods by availing duty drawback and Rodtep.

time to read

2 mins

January 06, 2026

Business Standard

Banks see strong deposit growth in Q3 outpaced by rapid credit expansion

HDFC Bank's C/D ratio surges to 99.5%

time to read

3 mins

January 06, 2026

Business Standard

Business Standard

Trump warns India of even higher tariffs over Russia oil

United States President Donald Trump has warned that Washington could raise further tariffs on Indian exports if New Delhi does not stop buying Russian oil, adding fresh uncertainty to efforts to strike a trade deal between the two countries.

time to read

3 mins

January 06, 2026

Business Standard

Business Standard

Caracas softens stance after Trump’s threat

Maduro appears in NYC court; US Prez says Cuba govt ‘looks ready to fall’

time to read

2 mins

January 06, 2026

Business Standard

Business Standard

Adani Power gets relief as SC nixes SEZ electricity duty

Customs duty cannot be levied on electricity supplied from a special economic zone (SEZ) to the domestic market, ruled the Supreme Court on Monday while upholding Adani Power’s appeal against a 2019 judgment of the Gujarat High Court.

time to read

2 mins

January 06, 2026

Business Standard

Export promotion

Market access schemes need to be backed by a coherent strategy

time to read

2 mins

January 06, 2026

Business Standard

Banks see strong deposit growth in Q3, outpaced by rapid credit expansion

On the rise

time to read

3 mins

January 06, 2026

Listen

Translate

Share

-
+

Change font size