CAV ORDER

The petitioners – husband and wife, are at the doors of this Court calling in question an order of arrest, arrest memo, grounds of arrest and reasons so depicted to believe that the petitioners are in possession of proceeds of crime and consequently declare that the arrest and detention of the 1^stpetitioner is illegal and void. As a consequence thereof, a declaration is also sought that the arrest and detention of the 1^st petitioner is illegal and seek direction to release the 1^stpetitioner from prison.

2. For the sake of convenience, unless otherwise referred to by their rank in the writ petition, the 1^st petitioner would be referred to, as the petitioner, in this order.

3. Facts adumbrated are as follows:-

The petitioner, at the relevant point in time, was an elected Director of the District Central Co-operative Bank (‘DCC’ Bank) from 1997 and has also been the Chairman of the DCC Bank, Shivamogga, for over 19 years. The petitioner claims to be active in public field and has contested elections to the Thirthahalli assembly constituency in the previous elections and lost. On 17-07-2014, a crime in Crime No.325 of 2014 is registered against the employees of DCC Bank and inve