B Mirror Report:The Bangladesh Securities and Exchange Commission (BSEC) has temporarily suspended Assistant Director Md. Ibrahim Ali over allegations of misconduct and has initiated departmental proceedings against him.

According to an official order issued on Saturday (April 4), the charges include breach of discipline and conduct unbecoming of a public servant. A formal investigation into the allegations is currently underway.

The move is part of the commission’s ongoing efforts to maintain internal discipline. In April last year, 21 officials were temporarily suspended for violating the code of conduct, a move that reportedly affected morale within the organization.

BSEC stated that under the Bangladesh Securities and Exchange Commission Employees’ Service Rules, 2021, proven allegations may result in strict penalties, including dismissal from service. Considering the seriousness of the charges, Ibrahim Ali has been suspended to ensure a fair and impartial investigation.

During the suspension period, he will receive a subsistence allowance in accordance with government rules. The order has taken immediate effect in the public interest, and further actions will depend on the outcome of the investigation.

Earlier in January this year, former Director Abu Raihan Mohammad Mutasim Billah was sent into compulsory retirement after misconduct allegations against him were proven. The charges included misuse of advance funds for house construction, submission of false progress reports, incomplete billing, and seeking excess funds.

An investigation conducted on November 27, 2025, confirmed the allegations, leading to disciplinary action at the commission’s 987th meeting.