SC refuses to entertain plea raising issue of black money

New Delhi: The Supreme Court on Wednesday refused to entertain a plea seeking investigation into alleged conversion of black money into white by certain companies.

A bench comprising Chief Justice T S Thakur and Justices R Banumathi and U U Lalit disposed of the petition after Additional Solicitor General Manindar Singh said "except for suspicion, there is nothing in it."

He further said the petitioner has made a representation before the Ministry of Finance and the Income Tax authority.

Taking note of submission of Singh whose assistance was sought, the bench declined to go any further on the issue.

The petition was filed by an NGO -- India for Rule of Law.