ALEXANDRIA, Va, (7News) — A former CIA official accused of stealing government property has reached a tentative plea deal in a case involving more than $40 million in gold bars.

Prosecutors and attorneys for David J. Rush disclosed the agreement in a joint filing Sept. 11 in a federal court in Alexandria, Virginia.

The two sides said they have a "plea agreement in principle" that would resolve the case before an indictment. They asked the court to push back the indictment deadline by 21 days from Sept. 17 to Oct. 8 to finish paperwork and secure government approvals.

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The court documents do not disclose the proposed plea terms, including what charge Rush would plead guilty to or any sentencing recommendation. It also does not establish that a judge has accepted a plea.

Rush was arrested in May on a criminal complaint charging him with theft of government property, according to the filing.

Booking photo of David Rush, an ex-CIA senior official who is accused of stealing $40 million in gold bars from the U.S. Government. (Alexandria Sheriff's Office)

Federal investigators said they found more than 300 gold bars worth about $40 million-plus during a May 18 search of his Virginia home. They also seized roughly $2 million in U.S. currency and about 35 luxury watches, many of them Rolexes, according to an FBI affidavit.

Investigators allege that Rush requested foreign currency and tens of millions of dollars in gold for work-related expenses, then diverted government property for personal use.

Rush was eventually identified as a former senior CIA official with top-secret clearance.