Luc Désy is accused of abuse of confidence, fraud, corruption and fabrication and use of false documents and conspiracy.
UPAC investigators allege that Désy, along with two construction entrepreneurs, falsified an investigation report after a residential fire to claim more insurance compensation.
The aim was to secure a lucrative renovation contract, investigators alleged. The incident happened in late 2013.
Désy and the two entrepreneurs, Phillip Galasso and Pietro Galasso, were arrested Friday morning.
Galasso is charged with abuse of confidence and conspiracy. Glasso faces the same charges and an additional charge of bribing an official.