New Delhi: The Supreme Court on Thursday extended till September 2 the stay on the release on bail of Pune-based stud farm owner Hasan Ali Khan who is accused in money laundering cases.
    
The bail was granted earlier by the Bombay High Court.
   
A bench of Justices Altamas Kabir and S S Nijjar extended the stay after Additional Solicitor General Haren Rawal, at the far end of the day-long hearing on the black money issue, told the court that the stay granted earlier would expire on August 26.
   
The bench then extended the stay till September 2 as the hearing on the issue would resume on September 1.
   
The Apex Court had on August 16 stayed till August 26, the bail granted to Hasan Ali by the Bombay High Court on August 12.
   
The court had passed the order on a petition filed by the Enforcement Directorate challenging the high court's order granting bail to Khan who has been accused in various money laundering cases.

It had also said the accused had created a complex maze of structures and transactions to hide the true source of funds and frustrate the investigations.
   
Meanwhile, during on Thursday's hearing, senior counsel Anil Divan sought dismissal of the application moved by the Centre for recalling the apex court's July 4 order directing the setting up of SIT comprising retired SC Judges Justice B P Jeevan Reddy and M B Shah to unearth the black money stashed abroad.
   
He said the Apex Court had rightly constituted as even the Centre had at that time admitted that the investigations were not proceeding in the right direction.
   
"That was the finding of the court on the basis of the concurrence of the petitioner and the government. The merits of the findings cannot be questioned by way of a recall petition," he argued.
   
The arguments would resume on September 1.

(Agencies)