Freedom 251 is a ponzi scam: BJP MP Kirit Somaiya

Freedom 251: The BJP MP had earlier written a letter to IT Minister Ravi Shankar Prasad questioning the abnormalities in the company.

By: ANI | Published:February 20, 2016 9:01 am
freedom 251, freedom 251 scam, Freedom 251: BJP MP Kirit Somaiya called it a ‘ponzi bogus company scam’

With the telecom ministry launching the ‘Freedom 251’ mobile phone at Rs. 251, BJP MP Kirit Somaiya on Friday levelled serious allegation against the company, saying it is a ‘ponzi bogus company scam’.

“This is a huge scam, that is why I went through all the papers of the company. The government has informed Uttar Pradesh government to check the bonafide of the promoter. This is a Ponzi bogus company scam,” Somaiya told ANI.

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 company offering mobile phone for Rs 251– which is proving the world’s cheapest smartphone.

Share This Article
Related Article

Noida-based company Ringing Bells on Thursday started booking for the phone for Rs 251 and has said that delivery of all handsets will be completed by June 30.

The 3G handset, Freedom 251, features a 4-inch display, Qualcomm 1.3-GHz quad-core processor and 1 GB RAM, according to details shared by the company.

The BJP MP had earlier written a letter to IT Minister Ravi Shankar Prasad questioning the abnormalities in the company.

Somaiya in his letter asked whether the objective and aim behind the offer had been studied. Has it been investigated if it is a collective investment scheme or a ponzi scheme, he enquired.

He also questioned the background, the financial status, the owners of Ringing Bells Pvt Ltd, saying that he was “far from convinced” with the response given by Ashok Chadha, President of Ringing Bells. Chadha, in the defence of his company and product, had said that cost was brought down due to local assembling and online marketing. (ANI)

For all the latest Technology News, download Indian Express App

  1. S
    Feb 27, 2016 at 6:46 am
    That is some of the worst English I've ever read.
    1. S
      Soumyranjan Sahu
      Feb 20, 2016 at 11:15 pm
      Freedom 251
      1. J
        Feb 20, 2016 at 5:27 am
        I am glad that the government is looking into it. It looks like our fellow citizens are far too gullible for scams like this. The government needs to be proactive like this to protect them.
        1. G
          George K
          Feb 22, 2016 at 4:36 am
          Freedom251 likely intention : I suspect this is a validated contact phishing or fishing or farming scam. All unsuspecting aspirants for this phone would have submitted their real contact address ( after all the mobile need to be delivered) , given their email ids ( gmail/yahoo/..) or even tried submitting with their company email ids when the gmail id attempts failed and given in the real mobile nos. - A fantastic validating phishing scam that looks perfectly digitally normal that pla into our greed. A Greed that compromised our privacy - bcoz the privacy policy of the website in below ------ "Creating accounts, and purchasing or registering products or services If you submit requests online to create an account or to purchase or register our products or services, we may ask you to provide information, such as your email address, delivery address, phone number, product information, time of purchase, and method of payment to implement your purchase orders, deliver your products or services, activate or verify your products, make changes upon your request, provide technical support or authorized updates, and more." --------- clearly states that information would be collected but does not say that it would not be shared or sold or the privacy of the information is guaranteed ! cool. Chill out ! For all those who were able to pay initially it need to check out whether the credit card /debit card information submitted on their has been compromised by any phishing means.... If such a case does exist then the matter is devastating and all credit card / debit card companies should be on RED alert and soon could get busy investigating and settling false cases .... All this validated contact farming happened at only @ advertising cost and our greed as the expense and this data we do not know how much they might resell for .... Scary .....
          1. L
            Lokesh Tulsani
            Feb 20, 2016 at 9:30 am
            This is surely a Ponzi Scam
            1. K
              Kumar Rata
              Feb 20, 2016 at 10:07 am
              Media has to be blamed for the fame of this ponzi scheme - Freedom 251. It is Chinese Smartphone. Whitener used to Hide Name. Sold in garb of Narendra Modi's "Make in India" campaign. taking the media for a ride! How could they have brought down the price so low when they haven't done single innovation? If this was scale game, why micromaxx or carbonn couldnt offer it well in advance? - The logo of Apple Safari has been copied. they would soon face the tune from Apple - They copied another por app's patent pending technology - Fringle , a location sharing techology start up. they now copied there technology and renamed it as women safety app. - They blatantly bought 'adkom' and just changed then name to Freedom 251
            2. T
              Feb 20, 2016 at 7:22 am
              Its one of the biggest hits in India. The Indian government should continue his support on the delivery of such a good product and make India on the World Map. Thanks to Freedom251, everybody is speaking about India.
              1. A
                Feb 27, 2016 at 11:33 pm
                Indian people are stupid. A $4 phone? Let me sell you a $15 car. Really, just wait 4 months for delivery. Shipping is free, don't worry my friend.
                1. Load More Comments