India, Aug. 12 -- Justice Yashwant Varma, against whom removal proceedings were initiated following the alleged discovery of unaccounted cash from his official residence last year, has been found guilty by a Lok Sabha inquiry committee.

The panel's report, which was tabled in both Houses of Parliament on Wednesday, noted that an explanation provided by the judge on the discovery of massive amounts of burnt currency "did not exhibit the candour, transparency and institutional responsibility expected in the circumstances". It also suggested "further action as may be considered in accordance with law".

"Substantial unexplained Rs.500 domination currency notes were found in the storeroom situated within the official residential premises at ...