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Police inspector Haribhau Khade (52) has been on the run since he was named in the graft case on May 15.
The Anti-Corruption Bureau (ACB) has booked Khade and two others for allegedly demanding Rs 1 crore, which they later brought down to Rs 30 lakh, for not making a complainant an accused in a case, the official said.
The ACB first trapped one of the accused, Kushak Jain (29), after he collected the initial instalment of Rs 5 lakh.
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The police have also seized property documents concerning four flats and a commercial shop owned by Khade, the official added.