Anatomy of an Insider Threat: The PKR 17M Fraud and Hostile Takeover at Backcheck Group

Case HRPM-BCG20260 documents a sophisticated syndicate operating within the Backcheck Group (BCG) across Pakistan and Singapore. While the founder was sidelined by external state harassment, internal actors executed a multi-year strategy to embezzle over PKR 17 million and seize control of the entity. This report explores the behavioral red flags and systemic gaps that allowed this hostile takeover to proceed unchecked.

Key Findings

Financial Sabotage: Fabrication of PKR 15.8M in debt and the systematic misuse of credit cards and salary manipulation.

Active Obfuscation: Forensic logs show that on March 31, 2026, finance account passwords were changed during an active investigation period.

Evidence Destruction: Management abruptly terminated Horizon Technologies on March 27, 2026, to bring in a "night shift operative" to scrub logs.

The Timeline of Deception

The investigation highlights 161 bank documents, including bank positions and account statements, that demonstrate a pattern of 75 unusual transactions. These include direct payments to directors and fake loans. The synergy between external state harassment (Case HRPM-DTH20160) and internal corporate fraud (Case HRPM-BCG20260) suggests a dual-front attack on the leadership of Danish Iqbal Thanvi.

Evidence & Data

The document trail involves key persons such as Mohammad Imran Haroon (Current CEO) and Scott Graham (IntegraScreen). Email systems (e.g., postmaster@hiltonpharma.com) were used to coordinate efforts while the group CEO was incapacitated. The HRPM platform identifies "ghost employee payroll fraud" as a primary method for siphoning capital.

Legal Framework

These actions constitute a direct violation of corporate governance laws and international standards:

Pakistan Penal Code (PPC) Section 406 & 409: Criminal breach of trust by public servant, or by banker, merchant, or agent.

UNCAC Article 12: Prevention of corruption in the private sector.

Constitutional Right to Property: Protected under Article 24 of the Pakistan Constitution.

Recommendations

The investigation status is marked as SUBSTANTIALLY COMPLETE with a recommendation to PROSECUTE. Affected parties should seek asset freezing orders and immediate forensic recovery of scrubbed logs within the Singaporean and Pakistani jurisdictions.

Read the full case file on HRPM for the complete list of 75 unusual financial patterns.