NEW YORK - An Indian promoter of Bollywood films was sentenced to seven years in prison Friday for one of the largest bank fraud scams in the region's history, according to media reports. Vijay K Taneja of Fairfax, Virginia, was also ordered to pay $33m in restitution to the four banks he swindled in a complicated mortgage fraud scheme. Taneja pleaded guilty last year to conspiracy to commit money laundering. He was known in northern Virginia's large Indian community as a concert promoter and producer of Bollywood films. He also donated large amounts to Hindu temples in the region. Taneja apologised for his actions at Friday's sentencing. Prosecutors said it was the largest bank fraud scheme prosecuted in federal court in Virginia in at least 20 years.