"CNBC" declare : Founder of India's $4 smartphone firm arrested on allegations of fraud

The founder of an Indian tech firm that shot to prominence by offering a $4 smartphone has been arrested on allegations of fraud, after a handset dealer accused the company of not refunding him for an unfulfilled order, the police said. The founder was arrested after a dealer said he had paid 3 million Indian rupees for an order of handsets but had received only a fraction of the order. Mohit Goel, the founder of Ringing Bells, was arrested Thursday afternoon in Uttar Pradesh and will be produced in court later on Friday, said Rahul Srivastav, a police spokesman from the northern Indian state. The dealer said he received only 1.4 million rupees in new phones and cash. When he pursued Ringing Bells for a refund for the unfulfilled order, the dealer said Mohit Goel and another executive at the mobile phone maker threatened to kill him and his family.


As it stated in About a year ago, the Indian company Ringing Bells made waves when it announced a ~$4 Android smartphone (Rs. But now Mohit Goel, the director of Ringing Bells, has been arrested on allegations of fraud. The claim of fraud comes from Ringing Bells simply not fulfilling all of its orders. To make matters worse, Adcom had no idea that Ringing Bells was reselling its device under a different name. Supposedly staff from Ayam received death threats from repeated requests for the remaining units.


As it stated in

Head of the company behind India's $4 smartphone arrested for fraud

The company has only shipped around 70,000 phones so far and the Ringing Bells website has been non-functional for months. The founder of the company behind that phone was arrested on fraud charges yesterday. As the Indian Express reports, Ringing Bells has been plagued by problems for a while. Remember that smartphone that Indian government officials said would be made in India and sell for less than $4? Ringing Bells actually started shipping its Freedom 251 phone in mid-2016.




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collected by :Andro Alex