Indian company called Ringing Bells made waves internationally when it announced plans to launch the Freedom 251 in 2016, touted to be the world's cheapest smartphone priced at just Rs. 251, or less than $4 at the current exchange rate. The company, headed by CEO Mohit Goel, failed spectacularly when it came to delivering the device and was later shut down, but there seems to be no end to Goel's troubles, who have now been arrested in an extortion case.

According to a report, Goel along with two others were arrested by the Delhi Police yesterday for trying to extort money from a businessman on the pretext of solving a gang-rape case in the capital. Image Courtesy: Hindustan Times

"Police have arrested three members of a gang who were trying to extort money to settle a rape case registered by one of them against the complainant's brother and others in Rajasthan. The names of the other arrested persons, apart from Goel, would be revealed after each of them had been determined,” Deputy Commissioner of Police (North West), Aslam Khan was quoted as saying by the Times of India.

According to reports, the group had demanded a sum of Rs. 5 crores as extortion money from a businessman to settle a gang-rape case filed by a woman in Rajasthan's Alwar district, who alleged that she was raped by five businessmen who called her to a hotel on the pretext of attending an event. Goel was arrested at a location in northwest Delhi's Netaji Subhash Place on Sunday night, when he came there with his cohorts and the rape victim to collect the extortion money from the businessman they were trying to extort.