According to police, Goel, who is a native of Shamli, had founded Ringing Bells Pvt Ltd and launched smartphones at cheaper rates under Government of India's Digital India Programme and these phones were named Freedom 251.
Mohit Goel, CEO of the defunct Ringing Bells, was arrested along with three others for allegedly extorting money to settle a previous rape case.
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Mobile handset company Ringing Bells on Monday claimed that it has started delivering 65,000 more units of the world's cheapest smartphone priced at Rs 251 apiece.
After the Rs 251 Freedom 251, that controversially claimed to be the world's cheapest smartphone, here comes the Rs 99 Namotel Acche Din.
Ringing Bells launched Freedom 251 in February in the presence of veteran BJP leader Murli Manohar Joshi.
The Directorate of Enforcement is investigating Ringing Bells, the company which has launched smartphone for Rs 251, for alleged contravention of FEMA.
"This is not a Govt project. Make in India team has nothing 2 (to) do with this," tweeted Kant, the outgoing secretary of DIPP which is the nodal agency for the 'Make in India' campaign. company providing mobile handset at a dirt cheap price.
Ringing Bells Pvt Ltd, a hitherto-little-known Noida-based company, has suddenly caught people's popular imagination after it announced it would launch Freedom 251, an Android mobile phone priced at Rs 251.
Five things to know about the world's cheapest smartphone.
The launch is in line with Prime Minister Narendra Modi's vision for "empowering India to the last person, transforming India's growth story", the Noida-based company said.