BSEC suspends assistant director Ibrahim Ali, initiates departmental proceedings
In April last year, 21 officials were suspended over alleged breaches of conduct.
The Bangladesh Securities and Exchange Commission (BSEC) has suspended Assistant Director Md Ibrahim Ali over allegations of misconduct and launched departmental proceedings against him.
A commission order issued today (4 April) stated that Ibrahim Ali faces charges of breach of discipline, conduct unbecoming of a public servant, and other actions deemed inappropriate for a BSEC employee. A formal inquiry has already been initiated to examine the allegations.
This follows a series of disciplinary actions at the commission. In April last year, 21 officials were suspended over alleged breaches of conduct, reportedly creating fear and demoralisation among staff.
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The commission noted that, under the Bangladesh Securities and Exchange Commission Employees Service Rules, 2021, proven charges may lead to severe penalties, including Ibrahim's dismissal. Considering the seriousness of the case, the BSEC decided to place him under suspension to ensure a fair and impartial investigation.
During this period, he will receive a subsistence allowance as per government regulations. The order took immediate effect in the public interest, with further disciplinary measures to follow based on the inquiry's outcome.
In January, former BSEC Director Abu Raihan Mohammad Mutasim Billah was compulsorily retired after being proven to have misconduct. Allegations included misusing advance funds for house construction, submitting false progress reports, presenting incomplete bills, and seeking extra funds for interior work.
A 27 November 2025 investigation substantiated multiple claims, prompting disciplinary action at the 987th commission meeting.
