The Girl with the Dragon Tattoo

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 Lindberg’s story about Wennerström seriously. Gradually his professional instincts were aroused. Eventually he was listening attentively, and the logical objections surfaced.

“Wait a second,” he said. “Wennerström is a top name among market speculators. He’s made himself a billion, has he not?”

“The Wennerström Group is sitting on somewhere close to two hundred billion. You’re going to ask why a billionaire should go to the trouble of swindling a trifling fifty million.”

“Well, put it this way: why would he risk his own and his company’s good name on such a blatant swindle?”

“It wasn’t so obviously a swindle given that the AIA board, the bankers, the government, and Parliament’s auditors all approved Wennerström’s accounting without a single dissenting vote.”

“It’s still a ridiculously small sum for so vast a risk.”

“Certainly. But just think: the Wennerström Group is an investment company that deals with property, securities, options, foreign exchange…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?”

“Do 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.”

“Those were indeed the days,” Lindberg said. “I lost a bundle that year myself. And Hans-Erik Wennerström-like every other player in the market-was 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.”

“Cash-flow problems.”

“Exactly. And Wennerström wasn’t the only one. Every businessman…”

“Don’t say businessman. Call them what you like, but calling them businessmen is an insult to a serious profession.”

“All 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 didn’t come to more than two million. The interest alone on sixty million for three years, that’s 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 we’re no longer talking about cat shit. Skål, by the way.”

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 education, which meant that as an adult he was lumped together with that large, heterogeneous group defined by the media as Muslims. The Swedish immigration authorities had registered him, strangely enough, as a Serb. His passport confirmed that he was a Swedish citizen, and his passport photograph showed a squarish face, a strong jaw, five-o’clock shadow, and greying temples. He was often referred to as “The Arab,” although he did not have a drop of Arab blood.

He looked a little like the stereotypical local boss in an American gangster movie, but in fact he was a talented financial director who had begun his career as a junior accountant at Milton Security in the early seventies. Three decades later he had advanced to CEO and COO of the company.

He had become fascinated with the security business. It was like war games-to identify threats, develop counter-strategies, and all the time stay one step ahead of the industrial spies, blackmailers and thieves. It began for him when he discovered how the swindling of a client had been accomplished through creative bookkeeping. He was able to prove who, from a group of a dozen people, was behind it. He had been promoted and played a key role in the firm’s development and was an expert in financial fraud. Fifteen years later he became CEO. He had transformed Milton Security into one of Sweden ’s most competent and trusted security firms.