the foreman came down to the factory and said it was shut down, and a while later a Hungarian lorry appeared and carried off the machinery. Bye-bye, Minos.â
        Â
In the course of the trial Blomkvist had often thought of that Midsummer Eve. For large parts of the evening the tone of the conversation made it feel as if they were back at school, having a friendly argument. As teenagers they had shared the burdens common to that stage in life. As grown-ups they were effectively strangers, by now quite different sorts of people. During their talk Blomkvist had thought that he really could not recall what it was that had made them such friends at school. He remembered Lindberg as a reserved boy, incredibly shy with girls. As an adult he was a successful â¦Â well, climber in the banking world.
He rarely got drunk, but that chance meeting had transformed a disastrous sailing trip into a pleasant evening. And because the conversation had so much an echo of a schoolboy tone, he did not at first take Lindbergâs story about Wennerström seriously. Gradually his professional instincts were aroused. Eventually he was listening attentively, and the logical objections surfaced.
âWait a second,â he said. âWennerström is a top name among market speculators. Heâs made himself a billion, has he not?â
âThe Wennerström Group is sitting on somewhere close to two hundred billion. Youâre going to ask why a billionaire should go to the trouble of swindling a trifling fifty million.â
âWell, put it this way: why would he risk his own and his companyâs good name on such a blatant swindle?â
âIt wasnât so obviously a swindle given that the AIA board, the bankers, the government, and Parliamentâs auditors all approved Wennerströmâs accounting without a single dissenting vote.â
âItâs still a ridiculously small sum for so vast a risk.â
âCertainly. But just think: the Wennerström Group is an investment company that deals with property, securities, options, foreign exchange â¦Â you name it. Wennerström contacted AIA in 1992 just as the bottom was about to drop out of the market. Do you remember the autumn of 1992?â
âDo I? I had a variable-rate mortgage on my apartment when the interest rate shot up five hundred percent in October. I was stuck with nineteen percent interest for a year.â
âThose were indeed the days,â Lindberg said. âI lost a bundle that year myself. And Hans-Erik Wennerströmâlike every other player in the marketâwas wrestling with the same problem. The company had billions tied up in paper of various types, but not so much cash. All of a sudden they could no longer borrow any amount they liked. The usual thing in such a situation is to unload a few properties and lick your wounds, but in 1992 nobody wanted to buy real estate.â
âCash-flow problems.â
âExactly. And Wennerström wasnât the only one. Every businessman â¦â
âDonât say businessman. Call them what you like, but calling them businessmen is an insult to a serious profession.â
âAll right, every speculator had cash-flow problems. Look at it this way: Wennerström got sixty million kronor. He paid back six mil, but only after three years. The real cost of Minos didnât come to more than two million. The interest alone on sixty million for three years, thatâs quite a bit. Depending on how he invested the money, he might have doubled the AIA money, or maybe grown it ten times over. Then weâre no longer talking about cat shit.
Skål
, by the way.â
CHAPTER 2
Friday, December 20
Dragan Armansky was born in Croatia fifty-six years ago. His father was an Armenian Jew from Belorussia. His mother was a Bosnian Muslim of Greek extraction. She had taken charge of his upbringing and his