Fisheries Agency official Boris Simonov frantically flung 10 million roubles (212,000) into the wind after he crashed his Cadillac, local media reported.
The state-run First Channel television showed scores of large-denomination rouble notes being collected by police beside a thoroughfare in south-central Moscow.
The TV programme showed two suspects handcuffed and lying on the road beside the smashed-up Cadillac.
The crash happened as they were being chased by Federal Security Service agents on a busy Moscow highway.
Mr Simonov and his boss, Roman Postnikov, are accused of having taken bribes from businessmen involved in selling fishing permits at reservoirs on the outskirts of Moscow.
The arrested officials worked for the Federal Fisheries Agency and it is alleged the businessmen used bribes to obtain an illegally back-dated contract.
Both fishery officials will be jailed for two months pending further investigation, the committee said.
Post published in: News