HYDERABAD: The Income Tax (IT) Department has conducted searches at various branches of Sri Chaitanya Educational Institutions, resulting in the seizure of ₹5 crore in cash. The raids are ongoing across Hyderabad, Andhra Pradesh, Delhi, Mumbai, Pune, and Bengaluru.
According to sources, Sri Chaitanya Educational Institutions are allegedly involved in tax evasion by collecting fees in cash from students. Based on these allegations, IT officials initiated searches and began reviewing the institution’s financial records.
Officials have also examined the institution’s software and accounting records to gather additional evidence. Furthermore, the Enforcement Directorate (ED) may launch an investigation into possible money laundering based on the findings.
The raids began on March 10, 2025, and are expected to continue for at least two more days. Authorities are conducting further investigations to uncover financial irregularities within the institution.
