( 1 ) THE question for our decision in this writ petition, referred to a Division Bench by our learned brother C. V. N. Sastry, J. , on the ground that it involves an important question, is: whether Section 102 Cr. P. C. , empowers a Police Officer to freeze the bank account of a person suspected to be involved in the commission of an offence?

( 2 ) THE first petitioner is the husband of the second petitioner. They are intimately associated with a firm by name Matchless Travel Bureau,hyderabad. Petitioner No. 1 is the Executive Director and the second petitioner, his wife, is one of the partners. The firm is an approved agent of I. A. T. A. (International Air Transport Association ). It is stated that all the Airlines extend credit facilities to the approved agents. The firm s main business is to book airtickets to foreign countries.

( 3 ) PETITIONERS 1 and 2 are figuring as A-2 and A-4 in Crime No. 170/95 of the Saidabad Police Station, Hyderabad registered under Sections 465, 471 and 420 of the Indian Penal Code, Sections 3 and 4 of the Passports Act and Section 25 of the Emigration Act. In the remand report submitted before the XV Metropolitan Magistrate by the Inspe