Ashfield District Council Leader Jason Zadrozny has been charged by police with fraud, money laundering, tax and possession of cocaine.
Mr Zadrozny, aged 42, of Sutton Road, Kirkby-in-Ashfield, faces 12 counts of fraud by false representation, five counts of money laundering, four counts of being knowingly concerned in the fraudulent evasion of income tax, and one count of possession of a Class A drug.
In statement released on Friday, Notts Police said the fraud by false representation charges relate to the alleged misuse of Nottinghamshire County Council funds between 14 February 2018 and 16 February 2021.
The money laundering charges relate to alleged offences committed between 3 April 2018 and 6 June 2019.
The income tax evasion charges relate to alleged offences committed between 1 January 2007 and 1 February 2022.
The drug possession charge relates to the alleged possession of cocaine on 10 September 2021.
As a result of the same police investigation, fellow Ashfield District Councillor Tom Hollis is also facing charges and has been summonsed to court.
Mr Hollis, aged 30, of Yew Tree Drive, Huthwaite, faces two charges under the Localism Act 2011.
These charges relate to allegedly failing to declare his disclosable pecuniary interest in a property, between 30 May 2019 and 10 September 2021, as required under the act.
Mr Zadrozny and Mr Hollis have been summonsed to appear at Nottingham Magistrates’ Court on 21 July 2023.
Notts Police added: “We would like to remind people that legal proceedings are active in this case and as such we’d urge people to be careful when posting any prejudicial comments on social media as these could place you in contempt of court.”
