The NCP, however, has dubbed as "false" and "baseless" the allegations levelled by the BJP leader.
"A sum of Rs 95 crore meant for the uplift of dalit youths under the Annabhau Sathe Magasvargiya Vikas Mahamandal was used for NCP's campaigning in four districts in the state," Somaiya told reporters here.
Somaiya claimed that Kadam "swindled" the funds "on directions of Ajit Pawar".
Kadam, then NCP legislator, was arrested last August by state CID in a case of misappropriation of funds to the tune of Rs 141 crore of the corporation body set up to extend financial aid to members of Other Backward Communities. He was also suspended by his party following arrest.
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"The diverted money was used for campaigning during the Assembly elections of 2014 in Jalna (Rs 11 cr), Beed (Rs 8.5 cr), Buldhana (Rs 24 crore) and a huge amount was used in Pune as well. Around 95 per cent of the entire fund disbursed to the so-called beneficiaries by the corporation was on the recommendations of the NCP leaders," Somiaya alleged.
The corporation was established in 1985 by then state government with the main objective of the welfare of members of the Matang Community living below poverty line.
Somaiya also launched an unveiled attack on Shiv Sena, which is ruling the Brihanmumbai Municipal Corporation (BMC), stating the BJP will "uproot the mafia raaj" in the country's richest civic body.
Sena is a junior partner in the BJP-led NDA governments at Centre and in Maharashtra. Both Sena and BJP also share power in BMC.