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Freedom 251 mobile booking case: Enforcement Directorate has started a probe into the finances of Ringing Bells, makers of the world's cheapest smartphone Freedom 251, which has been priced at Rs 251 even as questions continue to be raised on the feasibility of offering a handset at that rate.
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Freedom 251 mobile booking case: Sources said ED is looking into financial details and bank accounts of the company and its promoters Mohit Goel and Ashok Chadha. No summons or notices have been sent as of now to the company or its promoters, they said.
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Freedom 251 mobile booking case: The Noida-based phone-makers have also come under the scanner of the Income Tax Department which is looking into its financial structure and has obtained documents, including those from the Registrar of Companies (RoC), in this regard.
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Freedom 251 mobile booking case: Industry members have also complained against the company to the Telecom Ministry to dig deeper into the issue. The Ministry has sought a clarification from Ringing Bells for marketing its 'Freedom 251' mobile phone without a BIS (Bureau of Indian Standards) certification and also asked Uttar Pradesh government to check the firm's credentials.
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Freedom 251 mobile booking case: Ringing Bells has claimed that the Freedom 251 online booking drive led to the company receiving around 7 crore registrations for the phone. The company is unfazed by the controversy and all the attention and in fact, since yesterday it has started a cash on delivery system to ship the smartphone to those who have registered for it.
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