Petitioner, who claims to be the victim of a robbery while travelling with two persons along the Kottayam-Kumily road with about 20 kgs of gold ornaments for selling to different gold shops, alleges that five masked persons intercepted his vehicle in which the petitioner was travelling and he was robed of the gold ornaments. This resulted in the Pampady Police registering a case as Crime No.286/2006 for an offence punishable under Section 395 IPC. On the arrest of the accused, 12.100 kgs (12.025 Kgs according to the learned Public Prosecutor) were recovered. During the crime stage, the petitioner moved the J.F.C.M-I, Kottayam for interim custody of the gold ornaments produced before the court. The learned Magistrate granted interim custody of the gold ornaments on the petitioner furnishing bank guarantee for a sum of Rs.1 crore from a nationalised bank in addition to execution of a bond for Rs.2,00,000/- with two solvent sureties each for the like amount. Aggrieved by the conditions imposed by the Magistrate, the