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seen Wennerström’s name in the press since then I think about Minos, and not least because some years later, in the mid-nineties, my bank was doing some business with Wennerström. Pretty big business, actually, and it didn’t turn out so well.”
    â€œHe cheated you?”
    â€œNo, nothing that obvious. We both made money on the deals. It was more that … I don’t know quite how to explain it, and now I’m talking about my own employer, and I don’t want to do that. But what struck me—the lasting and overall impression, as they say—was not positive. Wennerström is presented in the media as a tremendous financial oracle. He thrives on that. It’s his ‘trust capital.’ ”
    â€œI know what you mean.”
    â€œMy impression was that the man was all bluff. He wasn’t even particularly bright as a financier. In fact, I thought he was damned ignorant about certain subjects although he had some really sharp young warriors for advisers. Above all, I really didn’t care for him personally.”
    â€œSo?”
    â€œA few years ago I went down to Poland on some other matter. Our group had dinner with some investors in Lódz, and I found myself at the same table as the mayor. We talked about the difficulty of getting Poland’s economy on its feet and all that, and somehow or other I mentioned the Minos project. The mayor looked quite astonished for a moment—as if he had never heard of Minos. He told me it was some crummy little business and nothing ever came of it. He laughed and said—I’m quoting word for word—that if that was the best our investors could manage, then Sweden wasn’t long for this life. Are you following me?”
    â€œThat mayor of Lódz is obviously a sharp fellow, but go on.”
    â€œThe next day I had a meeting in the morning, but the rest of my day was free. For the hell of it I drove out to look at the shut-down Minos factory in a small town outside of Lódz. The giant Minos factory was a ram-shackle structure. A corrugated iron storage building that the Red Army had built in the fifties. I found a watchman on the property who could speak a little German and discovered that one of his cousins had worked at Minos and we went over to his house nearby. The watchman interpreted. Are you interested in hearing what he had to say?”
    â€œI can hardly wait.”
    â€œMinos opened in the autumn of 1992. There were at most fifteen employees, the majority of them old women. Their pay was around one hundred fifty kronor a month. At first there were no machines, so the workforce spent their time cleaning up the place. In early October three cardboard box machines arrived from Portugal. They were old and completely obsolete. The scrap value couldn’t have been more than a few thousand kronor. The machines did work, but they kept breaking down. Naturally there were no spare parts, so Minos suffered endless stoppages.”
    â€œThis is starting to sound like a story,” Blomkvist said. “What did they make at Minos?”
    â€œThroughout 1992 and half of 1993 they produced simple cardboard boxes for washing powders and egg cartons and the like. Then they started making paper bags. But the factory could never get enough raw materials, so there was never a question of much volume of production.”
    â€œThis doesn’t sound like a gigantic investment.”
    â€œI ran the numbers. The total rent must have been around 15,000 kronor for two years. Wages may have amounted to 150,000 SEK at most—and I’m being generous here. Cost of machines and cost of freight … a van to deliver the egg cartons … I’m guessing 250,000. Add fees for permits, a little travelling back and forth—apparently one person from Sweden did visit the site a few times. It looks as though the whole operation ran for under two million. One day in the summer of 1993