He was held after one of the smartphones distributors claimed it had not received handsets it had paid for.
251 (which is less than $4).
They invited everyone to make registrations for grabbing the smartphone at an inexpensive price.
Despite all the hiccups and accusations, Ringing Bells actually started shipping its Freedom 251 smartphones in mid-2016.
He said that Goel convinced him to pay Rs.
30 lakhs ($3million) for the devices.
However, the firm delivered devices worth less than half of that amount to him.
Malhotra said that a total of Rs.
So, I had to file the FIR.
Then, the agreement was signed and the amount paid in advance.
Later, they delivered some goods which were not of proper quality, Malhotra said.
However, due to delay in delivery, we asked them to return the amount.
10 lakh was paid to us in two instalments.
They also gave us some goods which were valued around Rs.
Finally, a total of Rs.
16 lakh was pending which was never returned, he added.
The payments of several distributors were pending and we have promised to pay them by March 31.
I still dont know what transpired.
I was willing to pay back his payment and he was also ready.
I dont know why police declined this.
Currently, they have Goel in custody and intend to take him to court at the earliest.
There were complaints of cheating against Goel.
However, he had failed to honour his commitments.
source: www.techworm.net
