New Delhi: The money laundering investigation against Anil Ambani and his Reliance Group has intensified. The Enforcement Directorate (ED) has seized assets worth more than 3000 crore rupees. This includes Anil Ambanis house in Pali Hill Mumbai and flats plots and offices of Reliance Communications and Reliance Infrastructure Limited located in cities like Delhi Noida Mumbai Goa Pune Hyderabad and Chennai. The Times of India reported citing sources that the Reliance Centre (Ambanis office) located in Hotel Ranjit Delhi is one of the many properties seized by the ED. It is located on Maharaja Ranjit Singh Marg and spans over three acres between the Ramlila Maidan and the Ranjit Singh Flyover. The central agency has taken this action in connection with the alleged embezzlement of bank funds worth over Rs 20000 crore. What is the whole matter? According to sources the ED has alleged in its seizure order that Ambani Group companies embezzled bank funds. These funds were diverted to shell companies and the groups own companies to facilitate siphoning off the funds. Sources indicated that a significant portion of the corporate loans ultimately landed in the accounts of Reliance Group companies indicating the diversion of money-laundered funds. More properties are expected to be seized in the coming weeks. Multiple raids on Ambani The ED has conducted multiple raids on Ambani his associates and group companies since July including at his Mumbai home. On August 5 he was summoned to the ED headquarters in Delhi and questioned. The ED investigation is being conducted under the Prevention of Money Laundering Act (PMLA). It is based on two FIRs filed by the CBI against Ambani and his companies for bank loan fraud. Ambani has already been barred from leaving the country. The ED has already questioned several of his close associates including Angarai Sethuraman.