The Supreme Court on Monday declined to direct the government to disclose the names of persons who have stashed away money in foreign banks, but it appointed a Special Investigation Team headed by former Supreme Court judge B P Jeevan Reddy to probe the black money issue.

Aiding Reddy in the SIT will be another former Supreme Court judge, M B Shah.

The Supreme Court also said the high-level committee constituted by the government to look into the black money issue will become part of this SIT. 

Further details are awaited.