The controversial judge Justice Yashwant Varma was named as accused by CBI in February 2018 in case related to bank loan fraud by Simbhaoli Sugars Limited. For CBI, the FIR No: RCBD1/2018/E/0002 dated February 22, 2018 is a hot potato due to the name of Yashwant Varma as accused who had already became a Judge in Allahabad High Court in October 2014. The agency was registering FIR based on a complaint by Oriental Bank of Commerce filed on 2017, without knowing that Varma had already became a High Court judge, having impunity. The bank loan fraud case is an interesting one. Varma who was a lawyer with expertise in tax laws was also non-executive director of the big sugar company Simbhaoli Sugars Limited and during this period the company took a loan to give money to sugar farmers to buy their products. According to the Oriental Bank, which filed complaint to CBI named all the 10 directors of the sugar company for the bank loan fraud raging above Rs 109 Crore.