Entity Profile: The Role of SECP in the Systematic Interference of Background Check Group

This profile examines the Securities & Exchange Commission of Pakistan (SECP) as a key respondent in Case CF-001. While mandated to regulate corporate entities, SECP’s actions toward Danish Iqbal Thanvi and Background Check (Private) Limited suggest an abuse of regulatory power used to facilitate business interference and state harassment.

Findings on SECP Involvement

The SECP is named in a Writ Petition filed on January 27, 2026. This petition challenges the SECP's actions following what has been described as an 'illegitimate termination' of business operations. The data points toward a coordinated effort where regulatory oversight was used as a pretext for harassment rather than corporate compliance.

Key Personnel & Institutional Links

Justice Khadim Hussain Soomro: Overseeing judicial aspects involving the SECP's regulatory decisions.

Background Check Group (BCG): The primary target of SECP's recent regulatory actions.

NADRA: The service provider (VeriSys) that was reportedly influenced to disrupt BCG’s access to vital verification data.

Patterns of Abuse

Documentation in CF-001 identifies a 'Decade of State Harassment.' The SECP’s role in this involves providing a veneer of legality to raids and data seizures. The 'Initial Technical Report'—found to be forensically impossible—was used by SECP-linked investigators to justify the disruption of BCG's international contracts, specifically affecting the leadership of Current CEO Mohammad Imran Haroon.

Legal Framework

SECP Act, 1997: Which mandates fair and transparent regulation of the corporate sector.

ICCPR Article 17: Protection against arbitrary or unlawful interference with privacy and correspondence.

Constitution of Pakistan Article 18: Freedom of trade, business, or profession.

Recommendations

Parliamentary oversight committee review of SECP’s enforcement division to prevent its use in private business disputes.

Establishment of a double-blind forensic protocol for all digital seizures conducted by the SECP.

Read the full case file on HRPM to review the Writ Petition against the SECP.