The Dirty Dozen: India's Twelve Biggest Corporate Defaulters

Book Details

• Author: N. Sundaresha Subramanian

• Publisher: Macmillan

• Language: English

• Edition: 2024

• ISBN: 9789389109177

• Cover: Paperback

• Dimensions: 7.7 x 5.1 x 0.9 inches

About the Book

The Dirty Dozen by N. Sundaresha Subramanian uncovers the sensational rise and shocking downfall of India's twelve largest corporate defaulters, revealing the dark underbelly of the nation's corporate world. In June 2017, the Reserve Bank of India stunned the country by disclosing the 'dirty dozen'—the twelve biggest defaulters responsible for a staggering quarter of all bad loans in India’s banking system.

Subramanian delves deep into the misdeeds of corporate moguls such as Vijay Mallya, Nirav Modi, and Jatin Mehta, revealing their complex financial schemes and unscrupulous dealings that led to the economic chaos plaguing India. Through this investigation, the book sheds light on the disturbing nexus of corporate irresponsibility, regulatory failures, and political corruption that continues to harm India’s financial health.

In a nation where millions struggle for basic resources, The Dirty Dozen offers a hard-hitting exposé of the moguls who manipulated the financial system, amassed wealth, and operated with impunity while millions were left to bear the consequences of their actions. This book serves as both a wake-up call and a scathing critique of India’s financial ecosystem, particularly since liberalization.

A must-read for anyone interested in understanding the true cost of corporate fraud and its far-reaching impact on the economy and society.