ACB officials booked Sheikh Hussain in a case of possessing disproportionate assets after conducting multi-city raids on premises linked to him.
Hussain is currently posted as Circle Inspector of Coastal Security Police (CSP) at Pudimadaka in this district.
The anti-graft agency officials said they seized documents showing the Inspector owned properties worth Rs 20 crore as per current market value.
ACB sleuths found the documents after conducting simultaneous raids at 16 places in Visakhapatnam, Bengaluru, Vizianagaram, Srikakulam and a few other cities.
The tainted police officer has a palatial bungalow at Timmapuram on the city's outskirts and house sites in Visakhapatnam, the officials said.
Hussain also manages a construction company which has been registered in the name of his children and associates, they said.
He joined the force around 12 years ago and served in various capacities under the Police Commissionerate. Before being posted at CSP, Pudimadaka, Hussain served as Inspector at Police Control Room in the city.
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