Enforcement Directorate (ED) has started a probe into the finances of Ringing Bells, makers of the world’s cheapest smartphone Freedom 251, as questions continue to be raised on the feasibility of offering a handset at Rs 251.
Sources said ED is looking into financial details and bank accounts of the company and its promoters. The Noida-based phone-maker has also come under the scanner of the I-T department which is looking into its financial structure and has obtained documents, including those from the Registrar of Companies (RoC), in this regard.
