I-T officials continued searches at the premises of Sri Chaitanya group of educational institutions in Telangana and Andhra Pradesh for the second day on Tuesday. Officials were checking the fee payment software of the educational institutions following allegations that the group was using dual software to hide certain transactions from the Income Tax Department. There are also allegations that it was collecting fees from parents in cash to evade tax. The officials reportedly collected nearly Rs 5 crore cash during the raids on Monday. The I-T Department may serve notices to the management of the group for questioning them following the raids. The group runs 322 schools and an equal number of junior colleges. It also has 107 educational institution in other states. It has a large chain of schools, junior colleges, hostels, coaching institutions for IT-JEE, NEET, EAMCET and UPSC-CS preparation. It was founded in 1986 by BS Rao, formerly a physician, and his wife, Jhansi Lakshmi Bai.