After all the controversies with world’s cheapest smartphone Freedom 251, new smartphone Mango or mPhone’s makers from Kerala are now in trouble.
The promoters of Mango Phone which was supposed to be the new ‘iphone killer’ got arrested on the day of its launch at Kochi for allegedly duping the Kalamassery branch of Bank of Baroda.
The promoters Anto Augustine and Josekutty Augustine are both brothers from Kalpetta in Wayanad district and have been absconding for almost a year after defrauding banks, said the Police in a statement.
The company’s mPhone 11 Plus is priced around Rs 39,999 and mPhone 5s priced Rs 11,999 with five other models in between. The company promised a m2 smartwatch of price Rs 12,999 along with accessories including wireless chargers to power banks and headphones.[source]