New Delhi: In view of the possibility of a massive racket being involved in the black money case, the Supreme Court on Friday asked the Centre to consider setting up of a Special Investigation Team (SIT) to probe the case.

A bench headed by Justice B Sudershan Reddy said the issue is not related to one case but is much wider and asked the government to consider setting up an SIT comprising officers from different departments including the Enforcement Directorate, the CBI and the IT to look into it.

"We are not talking about one case but many cases are involved in it. This is much wider," the bench said.

"In principle, do you have any objection to setting up of SIT to look into the matter?" the bench asked the government.

It told the Centre to respond on the next date of hearing on March 28 about its stand and the possible composition of the SIT.

"Before we discuss this issue, both of you (the government and the petitioner) tell us about possible composition of SIT, if the need arises, for setting up the same," the court said.

Meanwhile, the court said that Hasan Ali Khan, said to be the country's biggest tax evader, who has been remanded to four days' custody of the Enforcement Directorate (ED), will be sent to judicial custody on the expiry of this period.

It said this after Counsel U.U. Lalit sought a clarification on the court's Thursday order cancelling the bail granted to Khan by a Mumbai court and remanding him to the ED's custody for four days.

It also preponed a hearing on Khan's petition to March 28 originally listed for April 4.

The court was hearing a petition filed by eminent criminal lawyer Ram Jethmalani seeking direction to the government to take steps in bringing back black money stashed by Indian nationals in foreign banks, which is said to be to the tune of 1 trillion US dollars.