Criticising the government, the court said, "It is a pure and simple theft of national money. We are talking about a mind-boggling crime, not niceties of various treaties."
The apex court appointed Special Investigating Team (SIT) to start a fresh probe led by former Supreme Court Judge B P Jeevan Reddy. Another former Supreme Court judge M B Shah will accompany Jeevan Reddy in the investigation into the black money issue.
However, the court also ordered the investigating panel, which was appointed by the government, to be the part of the new SIT team which will initiate fresh probe into the black money case.
The Supreme Court's judgment came when senior lawyer Ram Jethmalani and others moved the apex court to direct the central government to bring back the black money stashed abroad.
Recently, a session court in Mumbai rejected the bail plea of one of the main accused in the black money case - Hasan Ali. The Enforcement Directorate (ED) had issued a showcause notice for attachment of properties valued at Rs 50 crore of Hasan Ali and his Kolkata-based associate Kashinath Tapuriah in a money laundering case.