Mohit Goel, the founder of Ringing Bells that offered ‘Freedom 251’ has been arrested by the Delhi Police. As per a tweet by ANI, few others have additionally been arrested along with Goel. More points on the same are anticipated.
‘Freedom 251’ was world’s cheapest cell phone by Ringing Bells, which was a little-known company. The firm claimed that around 30,000 individuals had paid for booking the phone and more than 7 crore individuals had registered for it. However, soon after, it ran into controversy, with some alleging it was like Ponzi scheme.
Goel, the Director of Noida-based company Ringing Bells had declared Freedom 251 cell phones at an incredibly low cost of Rs 251 for each piece. However, due to a massive response for the cheapest Freedom 251 mobile buyers, the site of the company crashed during a two-day sale . With this, the company fell a prey to allegations.
A year ago in February, he was confined in Ghaziabad on affirmations of fraud. As indicated by a report by PTI, Ringing Bells had likewise gone under the scanner of Excise and Income Tax Departments in the midst of level headed discussion over the achievability of a 3G-enabled handset for Rs 251.