Senior inspector of JJ Marg police station Rajesh Dhanawade was suspended from the city police after he was found guilty of owning assets disproportionate to his known sources of income.
A case was registered with the state anti-corruption bureau (ACB) and their probe revealed the same.
Police said the ACB had conducted a probe into the assets amassed by Dhanawade and the reports had been forwarded to top officers recently.
Confirming this, Cherring Dorje, deputy commissioner of police (zone I), said, "Following the ACB report, Dhanawade was suspended late on Monday and the charge of senior inspector has been temporarily assigned to another officer."
Sanjeev Dayal, director general of police, ACB, said, "We have forwarded the report of the investigation to the police and are further investigating the case." He refused to elaborate further.
According to investigators, Dhanawade had first come under the scanner in 2006, following which a probe was conducted and a case was first registered in 2012.
The allegations were pertaining to his owning a construction company and that Dhanawade had misused his position and allegedly amassed wealth. There were also allegations that he owned several properties in Mumbai and surrounding areas.
Before taking charge as senior inspector of JJ Marg police station, Dhanawade was attached to other city police stations in central Mumbai including Dadar and Matunga. He also had a stint with the crime branch.