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$4 smartphone arrested for fraud



Ringing Bells launched its Freedom 251 smartphone last year to great fanfare. 

The phone was priced at just 251 rupees ($3.76), a deal many industry experts said at the time was too good to be true. 
One analyst said the company would lose $26 for every device it sold.

 Man behind India's $4 smartphone arrested for fraud .
The man who made headlines a year ago with his promise of a $4 smartphone has been arrested on suspicion of fraud. Mohit Goel, the founding director of Indian phone manufacturer Ringing Bells, was arrested on Thursday in the northern city of Ghaziabad,
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