New novel based on Andhra's microfinance crisis

The 2010 microfinance crisis in Andhra Pradesh forms the basis of a new book by entrepreneur-filmmaker Ramesh S Arunachalam.
Part fact, part fiction, "Where Angels Prey" talks about 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.
Loosely inspired by real life events in Andhra Pradesh, the novel seeks to unravel the truth that often lurks behind the good intentions of Wall Street's interest in India's poor and expose the double-edged sword that emerges when no safeguards are put into place.
A foreign journalist named Robert Bradlee along with an Indian reporter Chandresh wants to find out the reason why people are investing huge amounts of money in India's microfinance sector, especially at a time of global recession. They then stumble upon huge irregularities in the sector.

"Microfinance, providing financial services for small businesses or entrepreneurs, especially in poor or rural communities, who do not have access to traditional banking or financial services. Sounds wonderfully altruistic, but just ask some people what their thoughts are about microfinancing and you'll probably hear a completely different answer," says Arunachalam.