logo
logo
  • Home
  • About Tripura
    • Tripura
    • Governon
    • Chief Minister
    • Council of Ministers
  • Tripura
  • National
  • International
  • Lifestyle
  • Spotlight
  • Sports
  • Jobs/Tender
  • Photo Album

Cash pile accused Justice Yashwant Varma was named in CBI's FIR for alleged corruption, SC junked it later

By IBNS
Mar 22, 2025..

New Delhi/IBNS: The Central Bureau of Investigation (CBI) had named Justice Yashwant Varma, whose alleged unaccounted cash was recovered from his bungalow last week, in its First Information Report (FIR) in 2018 in connection with the Simbhaoli Sugars case, media reports said.


The company was accused of transferring a huge loan taken from the Oriental Bank of Commerce to its own accounts instead of distributing among farmers for their agricultural equipment.

Varma, who was a non-executive director in the company before his elevation as a judge of the Allahabad High Court in 2014, was accused of criminal misconduct, cheating and criminal conspiracy.

Simbhaoli Sugars Limited was declared as a suspected fraud for Rs. 97.85 crore by the bank.

The company was accused of misappropriation and criminal breach of trust.

The CBI had filed an FIR against Simbhaoli Sugars Limited directors and others including Varma, who was described by the probe agency as "non-executive director".

Varma was named at 10 in the list of accused people in the CBI's FIR.

Varma's name was however removed a short while after the FIR was filed, CNN News 18 reports.

The Supreme Court last year said the Allahabad High Court had made a mistake by ordering a CBI probe into the case.

What happened at Justice Varma's house?

A fire at Justice Varma's residential bungalow led to the recovery of a huge pile of unaccounted cash, prompting the Supreme Court collegium to transfer from the Delhi High Court to the Allahabad HC.

Justice Varma was out of town when a fire broke out at his residence last week. Justice Varma's family members had called the fire brigade.

But when the firefighters doused the fire, a huge pile of cash was discovered inside a room.

Police were called by the firefighters.

The accidental discovery, which left the judiciary red-faced, led Chief Justice of India (CJI) Sanjiv Khanna to call an immediate collegium meeting.

Justice Varma is yet to respond to the discovery of cash at his residence.

Leave a Reply
Post comment
Related News
Pakistan used civilian flights as shield during May 8 attack: Indian government
May 9, 2025 ..
Pakistan’s cross-border attacks risk derailing crucial IMF bailout
May 9, 2025 ..
Pakistan used 300-400 drones to target India last night: Government
May 9, 2025 ..
PM Narendra Modi conveys sincere felicitation to Pope Leo XIV from people in India
May 9, 2025 ..
Refrain from live coverage: Ministry of Defence advises media channels amid escalation of India-Pakistan tensions
May 9, 2025 ..
Newsletter

Subscribe For Northeast Herald News And Receive Daily Updates

logo

Northeast Herald starts its journey from Tripura state capital city Agartala to cover the entire Northeast region of India for the latest news, news photos, and the latest photos to promote the great cultural, historical and traditional identity of the region.

  • Twitter Icon
  • About Tripura
  • About Northeast
  • National News
  • Tripura News
  • International
  • Entertainment
  • Spot Light
  • Article Us
  • Health
  • Lifestyle
  • Top News
  • Sports
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookies Policy
  • Code of Ethic
  • Site Map
  • Rss Feeds

Copyright © Northeast Herald. All Rights Reserved