News Politics National Nitin Gadkari owns Rs 3.87 cr flat, jewellery worth Rs 86 lakhs

Nitin Gadkari owns Rs 3.87 cr flat, jewellery worth Rs 86 lakhs

Nagpur: Former BJP chief Nitin Gadkari, who will be contesting his debut Lok Sabha election from Nagpur, today declared his assets including a 1,050 sq ft flat worth Rs 3.87 crore in Mumbai and jewellery

While the senior BJP leader's aggregate investments in shares stood at Rs 14,89,500, he is maintaining a balance of Rs 21,18,164 in accounts in eight different banks.

He has opened a separate bank account for electoral purpose with balance of Rs 7,01,000, while cash in hand is Rs 24,500, according to the affidavit.

Gadkari has invested Rs 11,86,500 and his wife Rs 18,40,000 in business.

As per the affidavit, he has taken a loan of Rs one crore from the Housing Development and Infrastructure Limited for the purpose of procuring property.

Gadkari's total liabilities stood at Rs 1,30,35,000. He has a fleet of vehicles worth Rs 14,70,000, the affidavit said.

Submission of affidavit is mandatory at the time of filing of nomination papers as per Election Commission rules.