The CEO at Ghana Chamber of Telecommunications, Kwaku Sakyi Addo has bemoaned reports in the media suggesting that telecom companies in the country are complicit in the recent Sim box fraud bust aided by IT Company Subah Infosolutions.

According to him, such reports are misleading and do not reflect the real developments on the grounds.

An ex-president of the Ghana Real Estate Developers Association (GREDA), Dr Alexander Tweneboah, was on Monday arrested for sponsoring the activities of SIM box fraudsters.

Subah Infosolutions, which had come under fire in the recent past for some alleged shady dealings, was key in the arrest. They have subsequently been commended by many social commentators for their role. But speaking on Radio Gold Wednesday, Sakyi Addo said the praise singers of the IT Company must be circumspect.

“I do understand why Subah appears to be dwelling on this matter, it’s not necessary but I need to correct the impression that mobile phone companies are doing something wrong and Subah is the hero that has just saved the day,” he told Radio Gold.

According to reports, the nation has lost as much as GH¢107,495,000.00 (about $33.6 million) to activities of the recently arrested SIM box fraudsters.