The founder of an Indian tech firm that shot to prominence by offering a $4 smartphone has been arrested on allegations of fraud, after a handset dealer accused the company of not refunding him for an unfulfilled order, the police said.
The founder was arrested after a dealer said he had paid 3 million Indian rupees for an order of handsets but had received only a fraction of the order.
Mohit Goel, the founder of Ringing Bells, was arrested Thursday afternoon in Uttar Pradesh and will be produced in court later on Friday, said Rahul Srivastav, a police spokesman from the northern Indian state.
The dealer said he received only 1.4 million rupees in new phones and cash.
When he pursued Ringing Bells for a refund for the unfulfilled order, the dealer said Mohit Goel and another executive at the mobile phone maker threatened to kill him and his family.
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