Mumbai: The Registrar of Cooperatives of Maharashtra will supersede the boards of Wardha District Cooperative Bank and Osmanabad District Cooperative Bank and appoint administrators for the banks as per Reserve Bank of India recommendations, following the government securities scam.

The economic offences wing (EOW) of the Mumbai police has, meanwhile, registered yet another case against the directors of Home Trade, a broking firm, on charges of cheating Raghuvanshi Cooperative Bank for around Rs 6 crore.

The EOW had earlier registered a case against Home Trade following a complaint by Osmanabad bank chairman Pawanraje Nimbalkar of duping the bank for G-secs worth Rs 30 crore.

The Wardha bank has been allegedly deceived to the tune of Rs 25 crore in the G-secs scam. "This is just the tip of a huge iceberg. We expect more cooperative banks to have fallen prey to this Home Trade fraud," says a senior EOW official.