In 2025, a large sum of cash was discovered at his residence during a fire on March 14. An enquiry report was also published by the Supreme Court on the matter and due to the sensitivity of the matter, the Supreme Court decided to keep the report redacted from the public and parliamentary scrutiny. On 21st July 2025 over 200 MPs of both Lok Sabha and Rajya Sabha signed a motion in parliament to impeach him. On August 12, 2025, Lok Sabha SpeakerOm Birla announced a three-member inquiry committee to investigate the charges against Varma.