✎ Judicial corruption probe under Judges (Inquiry) Act 1968 led to resignation of Allahabad HC judge after unaccounted cash discovery.

Relevance for Banking, SSC & RBI Grade B exams: Economy/Governance

A Lok Sabha report on the Yashwant Varma cash probe, stemming from partially-burnt unaccounted cash found at his residence during a 2025 fire incident, will be tabled today. The inquiry panel, formed under the Judges (Inquiry) Act after bipartisan support in Parliament, concluded its probe following Varma’s resignation during the process. The findings, including oral and documentary evidence, will now be scrutinized by lawmakers, raising questions about judicial accountability and financial transparency within the higher judiciary.

For banking and SSC aspirants, this case highlights the importance of governance reforms, judicial ethics, and financial scrutiny—key topics in the economy/governance syllabus. RBI Grade B candidates should note how such incidents can impact public trust in institutions, a critical aspect of monetary policy and financial stability. The probe also underscores the role of parliamentary oversight in addressing corruption allegations, a theme relevant to administrative and constitutional frameworks in competitive exams.

Source: Times of India

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