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In the wake of controversy surrounding the alleged discovery of unaccounted cash at the residence of Justice Yashwant Varma of the Delhi High Court, the Supreme Court judges have unanimously resolved to publicly disclose their assets and liabilities.
Arguments Against | Arguments For |
Privacy Concerns: Judges fear intrusion into personal finances and potential misuse of disclosed information. | Transparency and Accountability: Public disclosure promotes judicial integrity and builds trust in the legal system. |
Security Risks: Publicizing assets may expose judges and their families to threats, blackmail, or undue pressure. | Prevention of Corruption: Helps prevent illicit wealth accumulation and ensures judges maintain ethical financial practices. |
Past Backlash: Judges reluctant due to previous incidents where disclosures led to criticism, such as listing “daughter’s marriage” as a liability. | Global Best Practice: Many democratic nations mandate asset disclosure for public officials, ensuring fairness in governance. |
Voluntary and Low Compliance: Previous attempts were inconsistent, with only 13% of High Court judges disclosing assets in 2023. | Strengthens Public Confidence:Reduces suspicion of undue influence and enhances faith in judicial impartiality. |
Country | Asset Disclosure Requirement | Transparency Measures | Accountability Mechanisms |
India | Voluntary for judges; low compliance. | The Supreme Court publishes some voluntary disclosures. | Internal oversight by judiciary; lacks legal mandate. |
United States | Mandatory disclosure under the Ethics in Government Act. | Annual financial reports available publicly. | Judicial Conference oversees compliance; penalties for non-disclosure. |
United Kingdom | No mandatory asset disclosure for judges. | Judicial Appointments Commission ensures transparency. | The Independent Office for Judicial Complaints investigates misconduct. |
Canada | Judges declare assets privately to the Canadian Judicial Council. | Public complaints mechanism for judicial integrity. | Council reviews conflicts of interest but disclosures remain confidential. |
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