Zee Media Bureau
New Delhi: The office of Ringing Bells –manufacturing company of India's cheapest smartphone Freedom 251 was found closed on Wednesday, fueling a lot of speculations on the genuinity of its business.
As per a Times of India report, the office was found shut yesterday its president Ashok Chadha told that "all is well".
He told TOI, "We are very much in business, and are not running away". Apparently, the office was closed yesterday owing to some rental issues.
The Enforcement Directorate (ED) on Tuesday questioned Mohit Goel, CEO of Ringing Bells over the pricing of the phone.
Notably, the smartphone was launched last month with a jaw-dropping price of Rs 251 only which raised several questions on the company's business model.
ED started enquiry into the matter, suspecting that the company might run away with customers' money that it has recieved as payment from online booking of the phone.
As the makers of the smartphone went gaga over being part of Prime Minister Narendra Modi`s "Make in India" and "Digital India" initiatives in last few days, a top government official clarified on Thursday that the government has nothing to do with "Freedom 251" smartphone.
Meanwhile, Ringing Bells has promised to return money to 30,000 customers who pre-booked the device on the first day of the sale. The company said that the refund will reach their accounts any time this week.