Prakash Industries boss gets 1-yr jail in cheque bounce case
A Delhi court has awarded one-year jail term to Prakash Industries' (PIL) Chairman VP Agarwal in a 20-year-old cheque bounce case. The court further directed him and the firm to pay â¹10 crore each to two Sahara group companies. The two companies had given a loan of â¹5 crore each to PIL through Agarwal in May 1996.