A constituency executive hopeful of the New Patriotic Party in the Subin Constituency in the Ashanti region has been busted for a seven hundred and forty eight thousand cedi fraud.

Michael Asante is in the grips of the Ashanti region Police for posing as a self styled lawyer, a legal consultant, a travel agent, a senior attorney at the AG’s department, an associate to the Chief Executive Officer of the Ghana National Petroleum Corporation and a law lecturer at KNUST.

The suspected fraudster who operates with the name Lawyer Michael Yaw Antwi Boasiako has already declared his intention to contest for the party’s constituency organiser elections in Subin when the party opens nominations.

For the past ten years, Michael Asante has taken monies ranging between five thousand and forty thousand cedis to secure his unsuspecting clients admissions into universities and the security forces.

His arrest followed a fraudulent transaction he entered with two contractors he promised to secure contracts to build oil storage tanks for the Tema Oil Refinery.

Addressing the media, the Ashanti regional Police Public Relations Officer, ASP Juliana Obeng said, “he introduced himself to two contractors as a special assistant to the Chief Executive Officer of the Ghana National Petroleum Company with the promise that he could secure them contracts to build oil tanks for the Tema Oil Refinery.

“He asked the two contractors to pay him an amount of 695 thousand Ghana cedis to facilitate the process but he failed to honor his promise and went into hiding.

“The two mentioned the issue to a national security operative who managed to arrest him at Fumesua in his vehicle and handed him over to the police.”

ASP Obeng added, “In the course of investigations, others who heard of his arrest, have reported to the regional CID and complained that suspect Michael Asante under the same guise collected various sums of money ranging from five thousand cedis to forty thousand cedis to assist in enlisting them into any of the security services, securing them admissions into tertiary institutions and securing them jobs in the ministries and agencies.”