Freedom 251 Hoopla dies - Owner arrested!The big news created by the so called smartphone maker, Ringing Bells, has died a slow and expected death. The MD of the firm has been arrested on charges of fraud.
A distributor from Ghaziabad has filed an FIR against the company stating that Ringing Bells persuaded them into entering into a distribution deal with them. They were made to pay Rs. 30 Lakhs and were supplied products only worth Rs. 14 Lakh. There are reports that the company threatened them with life if they kept demanding the rest of Rs. 16 Lakh.
It can be remembered here that Ringing Bells had announced world's cheapest smartphone at Rs. 251 in July, 2016. Over seven crore people had registered on the official site while 30 Lakh people had booked the phone.