The two petitions, are by the Bharat Overseas Bank Limited, which is the Complainant in ‘X’ Crl.No. 790 of 1986, pending investigation with the second respondent, registered against one Ramalingam (hereinafter referred to as accused) who is the husband of Prema Ramalingam, the first respondent in Crl.M.P,No. 8865 of 1987 (hereinafter referred to us the first Respondent) and are directed against the orders passed under Sec. 451, Cr.P.C, by the Additional Chief Metropolitan Magistrate, Egmore, Madras, in M.P.Nos. 184 of 1987 and 208 of 1987, respectively holding the second respondent’s seizure of the amounts in the accounts of the accused and the first respondent in the petitioner Bank as illegal, and directing the release of the amounts.

2. Facts briefly are: On a Complaint by the petitioner to the second respondent, alleging that accused Ramalingam, who was employed as an Officer in the petitioner Bank, had fraudulently collected large some of money from the branches of the Bank at George Town and Thiyagaraya Nagar, through accounts opened in the name of the fictitious persons, by forging credit advices and other bank records, a case in Crl.No. 790 of 1986 for offence under