A former boss of the Ghana Real Estates Developers Association, Dr. Alexander Tweneboah has been sentenced to two years in prison for Sim box fraud.
The Financial and Tax Court in Accra presided over by Justice Afia Serwaa Asare Botwe also fined him 2000 penalty units after he was found guilty on all three counts of operating telecommunication services without a license, possession of communication devices without lawful authority and interfering with the sending and transmission of communications signals.
He however, pleaded not guilty to all three counts.
It is estimated that the fraudulent operations of Dr Tweneboah caused the state more than $919,000.
The convict was arrested on the 15th of January last year by a joint task force made up of the police, telecommunication companies and the National Communications Authority.
The team stormed the premises of Dr. Tweneboah and when a search was conducted equipment used for sim box operations were retrieved.
Upon interrogation the former GREDA boss told the police that he was introduced to the Sim box fraud because his business was dwindling due to the harsh economic situation.