Freedom 251: Enforcement Directorate reportedly received complaints, starts enquiry

Ringing Bells and its ambitious Rs 251 phone has been facing a lot of flak over the credibility of achieving the said price point. Now, a new report by TheQuint reveals that the Enforcement Directorate has received complaints against the company and has begun an enquiry. Citing sources, the report adds that the Enforcement Directorate would be writing toRinging Bells’ payment gateway PayU for details of the company’s bank account. The officials reportedly suspect that the company may just run away with the money in case it is unable to ship the devices on time. (Also read:  Freedom 251 first impressions ) While most people are questioning how the company will achieve the Rs 251 price point, Ringing Bells’ Director Mohit Goel had  claimed  that the company will make Rs 31 profit on each unit sold.  Recently, on its Facebook page , the company also announced the Cash on Delivery (CoD) option.  Meanwhile, there were reports about PayU Biz, the company handling the payments, refusing to let go of the Rs 1.75 crore amassed from the lacs of buyers who have placed their orders for the Freedom 251 smartphone. PayU Biz had released a statement saying, “As a leading payment solution company, we are cognizant of both our merchants and buyers. With a surge in no. of queries received for Freedom 251 during last few days, we are cautious towards the payments being made by buyers to buy Freedom 251. As a responsible payment solution company, we have ensured that the buyer’s money remains safe with us and gets released to the merchant once the product is dispatched. In case the merchant is not able to fulfil the huge demand they have received, we will work with merchant to return the money to buyers.” (Also read: Here’s why the Freedom 251 costs just Rs 251 ) There were reports about DeitY (Department of Electronics & Information Technology) is looking to summon the Noida-based company Ringing Bells for a meeting. In the past, BJP MP Kirit Somaiya also called it a huge scam . The BJP MP has approached telecom ministry, telecom regulator Trai, Consumer Ministry, SEBI, Corporate Ministry Finance Ministry, RBI and state governments to check various concerns that he has on the company offering mobile phone at Rs 251– which is the world’s cheapest.