Pune: MLC Poll Candidate Vikram Kakade’s Poll Affidavit Shows Rs 10 Crore Loan to Ajit Pawar’s Son Jay

Pune, 4th June 2026: Vikram Kakade, son of former MP and NCP candidate Sanjay Kakade, has disclosed in his election affidavit that he extended a loan of Rs 10 crore to Jay Pawar, son of Deputy Chief Minister Ajit Pawar. The affidavit, filed along with his nomination papers for the Pune Local Authorities’ Constituency Legislative Council election, shows that Kakade has advanced loans worth Rs 40.94 crore to various individuals and entities, including Jay Pawar, businessman Parvez Grant of Ruby Hall Clinic and several companies.

The affidavit reveals that Vikram Kakade and his family own movable and immovable assets worth Rs 153.02 crore, while liabilities stand at Rs 40.94 crore. Among his declared assets are residential properties and land parcels in Pune district, along with a luxury villa in Dubai valued at over Rs 7.66 crore.

Kakade has declared cash in hand of Rs 7.5 lakh and movable assets worth Rs 78.95 crore, including bank deposits, shares, bonds, postal savings and other investments. His immovable assets include two plots in Maval taluka valued at Rs 47.78 crore and Rs 1.29 crore, respectively, as per ready reckoner rates. He has also disclosed ownership of a plot in Mundhwa worth Rs 8.12 crore, a 4,444 sq ft apartment in Pashan and a 1,550 sq ft villa in Dubai. The affidavit further states that he gifted a bungalow in Pashan, valued at Rs 9.19 crore, to his wife.

A Class 12 pass-out and a real estate developer by profession, Kakade has declared two criminal cases pending against him. He has also reported outstanding income tax dues of Rs 99.81 lakh.

His rival in the election, Mahavikas Aghadi candidate Shrikant Vishwanath Patil, has declared movable and immovable assets worth Rs 37 crore. Patil stated in his affidavit that he owns a liquor shop and that a substantial portion of his wealth comprises 17 acres of ancestral agricultural land at Talegaon Dabhade, valued at around Rs 34 crore.

Meanwhile, the electoral contest for the Pune Local Authorities’ Constituency seat is expected to become clearer on Thursday, the final day for withdrawal of nominations. No candidate withdrew from the race on Wednesday, the first day of the withdrawal process. While former MLA and NCP city chief Sunil Tingre is expected to withdraw his nomination, attention remains on whether BJP district president Pradeep Kand will continue in the fray as a rebel candidate or pull out at the last minute.