ISLAMABAD - The Supreme Court of Pakistan on Thursday directed NAB to arrest Lt Col (Retd) Jamshed Iqbal, Director Mega Securities Private Limited (MSPL), and produce him before the Accountability Court for his involvement in the Islamabad Stock Exchange (ISE) fraud case. A three-member bench of the apex court headed by CJ Iftikhar Muhammad Ch and comprising Justice Ghulam Rabbani and Justice Jawwad S Khawaja heard a suo moto case regarding Rs 70 million financial scam in the ISE. The court had taken the notice of the scam on the complaint of Brig (r) Faqeer Muhammad Khan, who claimed that the MSPL had defrauded some 439 investors of Rs 70.17m by disposing of their shares without their knowledge. The court directed NAB to furnish fortnightly progress report regarding the case to the Registrar, Supreme Court and dispose of the case as early as possible. Lt Col (R) Jamshed Iqbal had entered into a plea bargain with the NAB but did not pay the amount due over years. On Thursday, the court turned down his request for granting more time for paying the amounts. The accused has deposited only Rs 7m as against Rs 20.13 million agreed by him with the NAB in plea bargain. The court observed that the accused had admitted his crime by entering into plea bargain with the NAB to which Col Jamshed contended that he was forced to do so and he wanted to contest the case. ISE Deputy Secretary Haris Niazi told the court that the Stock Exchange had already disbursed an amount of Rs 9.2 million to the affectees of the MSPL scam. The case was adjourned till third week of October.