Anatomy of a Takeover: Forensic Reconstruction of the BCG Financial Seizure

This report provides a forensic reconstruction of the corporate hostile takeover of Background Check Group (HRPM-BCG20260). The seizure was not a sudden event but a multi-year, premeditated plan involving the forgery of board resolutions, SECP filings, and digital espionage, totaling over PKR 17 million in losses.

Key Findings

Phase 1: Insider Positioning

Mohammad Imran Haroon, while serving as an executive, began constructing a 'syndicate of enablers.' This included Dilawar Hussain and Zubair, who facilitated the manipulation of bank statements and 'bank positions.' During this phase, PKR 15.8M in fake debt was fabricated to justify future asset liquidations.

Phase 2: The Regulatory Coup

Utilizing forged official memos, the syndicate filed Form A/29 with the SECP to transfer shares and change directorships without the consent of the majority owner. This move was timed to coincide with a decade of state harassment (HRPM-DTH20160), ensuring the founder was legally and physically unable to contest the filings.

Phase 3: Evidence Destruction

As detection became imminent, the syndicate moved into an active cover-up phase. On March 27, 2026, Yousuf terminated the technical security team and employed a night-shift operative to scrub forensic logs. Simultaneously, 75 un-authorized financial patterns were executed, including illegal salary manipulations and credit card misuse.

Evidence & Data

Final summary data from April 1, 2026, confirms the fraud is 'Substantially Complete.' The reconstruction is backed by 161 bank documents and forensic evidence of the March 31 password changes. The 'Broken Chain of Custody' regarding digital evidence previously seized by the FIA further corroborates the theory that state-seized evidence was tampered with to benefit the internal syndicate.

Legal Framework

This takeover constitutes a violation of the Electronic Crimes Act 2016 (PECA), specifically regarding unauthorized access to information systems and data interference. It further breaches Article 24 of the Pakistan Constitution, which guarantees the right to property.

Recommendations

Annulment of all SECP filings made by Mohammad Imran Haroon during the disputed period.

Immediate criminal charges under the PPC for forgery and corporate espionage.

Restitution of all misappropriated funds (PKR 17M+) to the original shareholders.

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