New Delhi, Sep. 3 (PTI): The Supreme Court on Thursday asked the Special Investigation Team on black money to submit its fourth progress report by October 7 and sought to know from the Centre about the steps taken to implement the SIT's recommendations to bring back monies stashed in foreign banks.

”The Attorney General will tell us what the Centre has done on the recommendations of the SIT,” a bench of Chief Justice H.L. Dattu, Justices M.B. Lokur and A.K. Sikri said while posting the hearing for October 28.

Senior advocate Dushyant Dave, appearing for the SIT, informed the bench that the subsequent report on the progress of investigation would be complete by month end and sought its nod to place before the court in October.

Advocate Prashant Bhushan raised the issue of SIT's third report submitted to the apex court in May and claimed that some portions of it have emerged in newspapers which made reference to participatory notes for investing around Rs 3 lakh crore in the stock market.

However, the bench, which perused the report, said, “we don't think that is there in the report. May 2015 report is the last report we have received”.

P-Notes are instruments issued by registered foreign institutional investors to overseas investors, who wish to invest in the Indian stock markets without registering themselves with the Securities & Exchange Board of India.

While Bhushan was making his submission, the Attorney General objected saying he had no locus in the matter.

Dave said the issue of black money was a sensitive matter and its discussion in public like this is not proper.

Earlier in the last hearing, noted jurist Ram Jethmalani on whose petition the SIT was constituted, had accused the National Democratic Allaince government and the previous United Progressive Alliance dispensation of failure to bring back black money stashed abroad.

He had also attacked the SIT, saying it is “loaded with people who are loyal to the previous government”.

Jethmalani had said the July 2011 judgment has been frustrated by successive governments which have played a “grave fraud” on the nation and the people.