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If Srinivas Iyer fails to pay the penalty he will have to spend additional two years in jail, the order read.
In 2007, the accused’s residence was raided by the Lokayukta police. He worked as the SP of the Armed Police Training School in Yelahanka, Bengaluru.
The raid was conducted on a tip-off regarding amassing of wealth disproportionate to income. The raids revealed that the accused possessed 53 per cent wealth in exceess to his income.
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Judge S.V. Srikanth has completed the inquiry and pronounced the judgment on Friday.
(With inputs from IANS)