Nagpur: A police complaint has been filed against the chairman and 15 other directors of Wardha District Central Co-operative Bank (WDCCB) and broking firm Home Trade Limited by Wardha police in connection with Rs 25 crore government securities scam.

The offences under Sections 406, 409, 420 and 34 Indian penal code (IPC) have been registered against them on the complaint lodged by the special audit officer G M Taiwade late on May 9 night, according to reports.

Wardha police on May 10 said that no arrest has been made so far in this connection.

The commissioner of co-operatives had earlier served a show cause notice on WDCCB as to why the board of directors should not be dissolved. Subsequently, the board was superseded on May 8 and district auditor M L Chute was appointed as the administrator of the bank to look after its affairs.

On April 26, the bank general manager Rajan Salpekar had filed a complaint with police against Navi Mumbai-based broking firm Home Trade Limited for not physically delivering the G-secs certificates of Rs 25 crore investments. Home Trade had issued cheques, which bounced.

WDCCB along with Nagpur and Osmanabad DCC banks were found involved in the scam. NDCCB chairman Sunil Kedar had already been arrested, the board of directors superseded and an administrator been appointed.

PTI