Where Angels Prey

Where Angels Prey

by Ramesh S Arunachalam


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Where Angels Prey by Ramesh S Arunachalam

While the rest of the world reels under a severe financial crisis, India's microfinance sector enjoys an unprecedented boom. Why on earth are people investing such huge amounts of money in an obscure industry, especially at the time of global recession? And why is Wall Street suddenly so interested in India's poor?
That is exactly what Robert Bradlee, senior correspondent with The New York Post, sets off to investigate, along with his journalist friend, Chandresh. Little does he know that his search for a scoop would lead him through a complex multi-pronged web of deceit, fraud, manipulation and financial crime, remote controlled from distant lands by an entire chain of financial sector stakeholders.

Gripping, racy and meticulously researched, this financial thriller weaves in and out of the affluent world of high-powered boardrooms and the gruelling poverty of the remotest villages of India, to reveal the devastating truths that often lurk behind "good intentions".

Product Details

ISBN-13: 9789384439378
Publisher: Authorsupfront Publishing Services Private Limited
Publication date: 03/09/2015
Pages: 206
Product dimensions: 5.50(w) x 8.50(h) x 0.47(d)

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Where Angels Prey 4.5 out of 5 based on 0 ratings. 11 reviews.
D_Donovan More than 1 year ago
The world is facing one of its greatest financial crises yet, but only in one country - India - is a boom happening in an unlikely industry: microfinancing. It's this fact which comes to the attention of Robert Bradlee, senior correspondent with The New York Post, who decides to personally investigate these strange facts; only to discover that what seems like a wonderfully successful altruistic business of providing financial services for small business in poor or rural communities in reality hides a deadly truth. What Robert discovers isn't financial opportunity or social grace, but a program that holds devastating implications for India's poor. The frightening part of this story doesn't lie in the fact that this novel is a realistic financial thriller with a global setting so much as that it's loosely inspired by real life in Andhra Pradesh, India, and holds alarming implications for business and social causes alike. For this reason alone (in addition to the fact that the story is an edge-of-your-seat compelling read), Where Angels Prey is a recommended pick for thriller readers looking for something slight different: a realistic saga which will strike a little too close to home for many cognizant of Wall Street involvements in the lives of Third World residents.
Anonymous More than 1 year ago
 Angels Prey is a compelling story which spans from the poorest regions of India to the most affluent international financiers. Beginning The impoverished characters who exist in a very corrupt area and must pay exorbitant usury to borrow money for needed expenses. One woman couldn't get her daughter released from the hospital without borrowing funds at 40% interest. This on top of other needed loans to support her family and repair her roof. Ultimately when she couldn't repay her loans in a timely manner she was so backed into a corner both financially and socially that she committed suicide to try to save her daughters from ruination by corrupt money lenders. She was unfortunately not unique. Many such suicides occurred across the poorest districts and gained much international attention. Middle Wealthy financial institutions sold a bill of goods in developed nations such as Singapore and the US of micro financing to impoverished people who would then supposedly own shares in their company. Instead the owners and investors gained ill-gotten wealth while the poor borrowers ended up behind the eight ball. End The reporters and district manager who courageously blew the lid off the scandal made the story come alive. The resulting sanctions and arrests were only partially effective in curbing the criminal victimization of India's poor as the MFI owners simply reinvented their businesses and went forth again to profit from the unfortunate. The tale was riveting and well written. I would suggest a glossary of unfamiliar terms for the western reader. The author wrote from the first person perspective of each central character. This was very helpful in gaining understanding of their experience. I found even the majority of the "evil" characters relatable in their extenuating circumstances. Bravo. Perhaps there will be a sequel with a better outcome for the downtrodden.
DDBean More than 1 year ago
Where Angel’s Prey was a look into how a program started out for the good can turn so horribly wrong. To try and save the poor from loan sharks, a program is started to help them meet their needs with “better” loans. Sounds like a good plan, right? Greed can make the best of intentions turn sour. The new loan companies actually seem worse than the loan sharks and people start turning to suicide when all hope seems lost. Two journalists will work hard to get to the bottom of the corruption and expose those at the top. It is a conspiracy that crosses national lines and will keep the reader enthralled to the end. There were a lot of characters that were introduced in this book; however, it is the journalists that stand out. I loved how they were not willing to stop until the truth came out. You could just feel their determination to get the job done so that justice could be served.   I give this book 4 ****.  The author wove the plot in a way that the reader was made to feel like they were right there while it was happening. Ramesh Arunachalam has the ability to hold your interest with the way the story flows. The writing technique feels like you are being entertained and taught at the same time, and I always love to learn something new. While the story is fiction, something similar has happened in the past. 
RhapsodicReader More than 1 year ago
Inspired by events during the micro-finance craze in 2010, Arunachalam takes his readers on a journey that spans the globe. Readers get a glimpse into the lives of some of the borrowers as they struggle to make ends meet while paying off their debts; the government officials that are fighting to put an end to the micro-lenders' seedy practices; the people that are employed by these micro-lenders; and  the two reporters, one from the U.S. and one from India, that are searching for evidence to bring down the micro-lending empire that has achieved its success on the backs of the people that it is supposed to be helping.   Where Angels Prey by Ramesh S. Arunachalam is well-written, compelling, and horrifying. Readers will find themselves touched by the borrowers' plights, feel anger towards the greed exhibited by the micro-lenders in the book, and see a ray of hope as the journalistic duo discovers more about the micro-finance empire. I am not usually a fan of "business/political conspiracy" books; however, this book is anything but your typical business conspiracy book. Where Angels Prey focuses more on the stories of the people and communities touched by the micro-lenders' actions and the socioeconomic consequences of corrupt micro-lenders, rather than the micro-lenders' sketchy accounting practices; I was surprised and pleased by this, and I am happy to make this book a permanent fixture in my expanding ebook library.
JanaO More than 1 year ago
This is a truly an inspiring book. My friend was raving about how interesting this book is. So I figured I would give it a try. You get to take a look at micro-finance and what a world it is. The characters are great in this book. I myself was born in India and so this hit a cord right away. Its about crime in all different places, ranging from kidnapping, murder, money to dealing with the poor, all rolled into one. It keeps you wondering if they will ever get caught. The author has a wonderful writing style that can lure anyone in. If you like face paced, business, corruption, murder, greed type of book this is your go to book.
Lennette More than 1 year ago
As the title Where Angels Prey by Ramesh S. Arunachalam suggests, things that seem to be too good to be true need to be viewed with skepticism. The microfinance firms in India pledged to make loans available to the poor people of India who otherwise would not qualify for money from banks. Prasad Kamineni has good intentions when he starts up SAMMAAN Microfinance in India but finds himself on the slippery slope of greed by the time the company opens on the stock exchange. With foreign investors now in the mix, emphasis shifts from the poor people of India to profit making. The very solution to their problems becomes a curse as microfinance firms flood the villages with loans knowing that the recipients cannot repay them. Two journalists team up to investigate the actions of these businesses and uncover all manner of shady dealings to include kidnapping, murder and suicide. I could not help but feel for the victims of this system and it reminds me of the title loans that I hear some people take out these days. This story is about crime in high places and how the rich gain their fortunes at the expense of the poor. The journalists get to the bottom of the treachery and publish the results nationwide, putting the names of the bad guys out there for the world to see. The author kept me interested in the story although I did have trouble keeping some of the names and titles straight. The author’s writing style pulled me in and made my heart ache while reading about the exploitation of the poor people of India. He made me want to see the bad guys punished and I was impressed with his facts about the microfinance sector. Each chapter transitioned easily to the next and I recommend this book to those who enjoy the hunt for the bad guys in the world of high finance crime. The book cover shows a man with wings, giving the impression that he is an angel. The question is whether the angel is one of the players in the finance arena or is the angel one of the journalists? The results will surprise you.
Anonymous More than 1 year ago
RaviRahul More than 1 year ago
Fantastic book that exposes the dark side of finance as it races back and forth across continents. Really found the book to be intense! As an ordinary retail investor in microfinance, I learnt so much about the actual workings. The book is swift, gripping and written in flowing easy style that I finished it in one go. One of the best novels I have read in recent times as it moves briskly from page to page and keeps you on the EDGE of your seat, wondering what is going to happen next! Loved all the characters - Bob, Chandresh, Prasad and especially, the wonderful Govt officer Veena. The money laundering episode and its backflow was brilliantly written. The climax was unexpected though! I would recommend this book highly to any one interested in money and finance as well as crime fiction. Great for people who are interested in transnational stories!
Francine1440 More than 1 year ago
Where Angels Prey is a thriller set in the financial world of microfinance institutions in India. Set during the latest financial crisis in 2010, journalist Robert Bradlee is looking for a story and investigates why the world of microfinance institutions is so lucrative while other businesses are failing. What he finds blows the lid off of these micro loan companies that are unregulated and use less than honourable methods to collect on the debts. The poor citizens of India take out small loans for various reasons from these companies, mainly SAMMAAN, and when they can’t pay the loans back they are so harassed that many are driven to suicide. The closer the truth is to coming out, the more desperate the microfinance companies become and people’s lives become endangered. I know very little about microfinance institutions. Before reading this book I thought they were a good idea for the poorer countries but this story made them seem scary. The story itself is fast paced and entertaining and the fact that it has me wondering if things like this are happening has me intrigued. Some of the financial terms were over my head and it’s obvious the author knows his topic. The characters are well rounded and thought out. The characters exhibited the differences between the Indian culture and the Western culture in very subtle ways which also added to the complexity of each one. This I also found quite fascinating. The writing flows quite well and the story moves from chapter to chapter easily with no confusion. Formatted for both an ereader and a paperback, the digital version worked well on my ereader. The cover was neither here nor there but I loved the title. This is an exciting book to read and I think it would be especially enjoyed by those familiar with the world of finance.
JulieGB More than 1 year ago
The microfinance industry’s founding principle was to ensure access to affordable finance for the poor of India. Trouble was, the ones in office abused their power by giving loan after loan, with no care that the poor were increasingly unable to repay. This in turn caused hopelessness and a rash of suicides. Unknown to these leaders, they were being investigated by two reporting correspondents, as well as the District Magistrate. Even with proof, the DM is held back from making arrests.  This made for an entertaining fictional story, loosely based on true events. I felt sorrow for the devastatingly poor people. Their hopelessness had me depressed, and I couldn’t wait to see them get justice. The smooth writing style had me reading nonstop to the end. The plot was easy to follow, with strong characters. I really liked the DM in particular. She had spunk. And of course, the climax was totally unexpected. I would recommend this to anyone who wants a quick, interesting read.
Renita0 More than 1 year ago
Wow, what an amazing, engaging, honest, searing tale! I absolutely adored this book. I started to read it and I was hooked. I could not put it down until I reached the end. A completely believable and mind boggling eyeopener of a tale of greed, corruption and altruism and its effect on the desperately poor. Beautifully written, with not one word out of place, it gives a very clear and scary picture of what could and does go wrong in India today. An amazing book which will stay with me.