Anatomy of a Takeover: Forensic Reconstruction of Muhammad Imran’s Seizure of Background Check Group

Investigative research into Case HRPM-BCG20260 reveals a sophisticated, multi-year premeditated internal corporate takeover of the Background Check Group (BCG). The primary architect, identified as current CEO Mohammad Imran Haroon, allegedly exploited a period of state-sponsored harassment against the firm’s founder, Danish Iqbal Thanvi, to execute a series of fraudulent transfers. This report documents the manipulation of Form A/29 share transfers and the fabrication of board resolutions during a critical window of executive incapacity.

Key Findings

Analysis of the internal records and SECP filings indicates that the takeover was not a sudden event but a calculated 'kill chain' of administrative fraud:

Fabricated Debt: The creation of a PKR 15.8 million ghost debt used as leverage to justify equity shifts.

Administrative Hijacking: Submission of unauthorized Form 29 filings to the Securities & Exchange Commission of Pakistan (SECP) to alter directorate status without the founder's presence or consent.

Ghost Payroll: Implementation of a 'ghost employee' scheme to siphon corporate liquidity into private accounts, totaling over PKR 17 million in documented fraud.

Evidence & Data

Forensic summaries dated 2026-04-01 confirm that while the founder was entangled in state investigative processes involving the FIA, internal actors were active. Specifically, on 2026-03-27, 75 unusual patterns were detected, including director payments and fake loans. The transition was supported by nearly 161 bank documents that show a systematic drain of BCG resources into the hands of the takeover syndicate.

Legal Framework

These actions constitute a direct violation of the Companies Act, 2017 (Pakistan) regarding the fiduciary duties of directors and the authenticity of statutory filings. Furthermore, the use of forged memos to deceive regulatory bodies violates Section 468 of the Pakistan Penal Code (PPC) regarding forgery for the purpose of cheating. From a human rights perspective, this represents a violation of Article 17 of the Universal Declaration of Human Rights (UDHR), which states that no one shall be arbitrarily deprived of their property.

Recommendations

Immediate Prosecution: Based on the 'SUBSTANTIALLY COMPLETE' status of the BCG investigation, criminal charges under the PPC should be pursued against Mohammad Imran Haroon.

SECP Audit: A full retrospective audit of all filings submitted by BCG between 2023 and 2026 is required to reverse fraudulent share transfers.

Asset Recovery: Initiation of proceedings to recover the PKR 17M+ siphoned through ghost payrolls and credit card misuse.

Read the full case file on HRPM: Case HRPM-BCG20260.