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Ashesatthereintheboat;BlokvistfilledhisgsswithReiersholsbrandyandleanedback;tryingtoreeberwhatlittleheknewaboutWennerstr。BoupinNorrnd;whereintheseventieshesetupaninvestentpany。HeadeoneyandovedtoStockhol;andtherehiscareertookoffintheeighties。HecreatedWennerstrgruppen;theWennerstrGroup;whentheysetupofficesinLondonandNewYorkandthepanystartedtogetentionedinthesaearticlesasBeijer。Hetradedstockandoptionsandlikedtoakequickdeals;andheeergedinthecelebritypressasoneofSwedensnuerousbillionaireswithacityhoeonStrandvgen;afabuloussuervilontheisndofVrd;andaneightytwofoototoryachtthatheboughtfroabankruptforertennisstar。Hewasabeancounter;naturally;buttheeightieswasthedecadeofthebeancountersandpropertyspecutors;andWennerstrhadnotadeasignificantlybigspsh。Onthecontrary;hehadreainedsoethingofaanintheshadowsaonghispeers。HeckedJanStenbecksfboyanceanddidnotspreadhiselfalloverthetabloidslikePercyBaevik。HesaidgoodbyetorealestateandinsteadadeassiveinvestentsintheforerEasteBloc。Whenthebubbleburstintheniiesandoneanagingdirectorafteranotherwasforcedtocashinhisgoldenparachute;Wennerstrspanycaeoutofitinrearkablygoodshape。“ASwedishsuessstory;”astheFinancialTiescalledit。

“Thatwas1992;”Lindbergsaid。“WennerstrcontactedAIAandsaidhewantedfunding。Hepresentedapn;seeinglybackedbyinterestsinPond;whichaiedatestablishinganindustryfortheanufactureofpackagingforfoodstuffs。”

“Atincanindustry;youean。”

“Notquite;butsoethingalongthoselines。IhavenoideawhoheknewattheAIA;buthewalkedoutwithsixtyillionkronor。”

“Thisisstartingtogetinteresting。Leteguess:thatwasthestanyonesawoftheoney。”

“Wrong。”Lindberggaveaslysilebeforehefortifiedhiselfwithafeworesipsofbrandy。

“Whathappenedafterthatisapieceofcssickeeping。WennerstrreallydidsetupapackagingfactoryinPond;inLódz。ThepanywascalledMinos。AIAreceivedafewenthusiasticreportsduring1993;thensilence。In1994;Minos;outoftheblue;colpsed。”

Lindbergputhiseptygssdownwithanephaticsack。

“TheproblewithAIAwasthattherewasnorealsysteinpceforreportingontheproject。Youreeberthosedays:everyonewassooptiisticwhentheBerlinWallcaedown。Deocracywasgoingtobeintroduced;thethreatofnuclearwarwasover;andtheBolshevikswouldtuintoregurlittlecapitalistsoveight。ThegoveentwantedtonaildowndeocracyintheEast。EverycapitalistwantedtojuponthebandwagonandhelpbuildthenewEurope。”

“Ididntknowthatcapitalistsweresoanxioustogetinvolvedincharity。”

“Believee;itwasacapitalistswetdrea。RussiaandEasteEuropeaybetheworldsbiggestuntappedarketsafterChina。Industryhadnoproblejoininghandswiththegoveent;especiallywhenthepanieswererequireutuponlyatokeninvestent。Inall;AIAswallowedaboutthirtybillionkronorofthetaxpayersoney。Itwassupposedtoebackinfutureprofits。Forally;AIAwasthegoveentsinitiative;buttheinfluenceofindustrywassogreatthatinactualfacttheAIAboardwasoperatingindependently。”

“Soisthereastoryinallthis”

“Bepatient。Whentheprojectstartedtherewasnoproblewithfinancing。Swedenhadntyetbeenhitbytheinterestrateshock。ThegoveentwashapplugAIAasoneofthebiggestSwedisheffortrootedeocracyintheEast。”

“AndthiswasallundertheConservativegoveent”

“Dontgetpoliticsixedupinthis。ItsalboutoneyanditakesnodifferenceiftheSocialDeocratsortheoderatesappointtheinisters。So;fullspeedahead。Thencaetheforeignexchangeprobles;andafterthatsoecrazyNewDeocratsreeberthestartedwhiningthattherewasashortageofoversightinwhatAIAwasinto。OneoftheirhenchenhadconfusedAIAwiththeSwedishInteationalDevelopentAuthorityandthoughtitwasallsoedandogooderprojectliketheoneinTanzania。Inthespringof1994aissionwasappointedtoinvestigate。Atthattietherewereconcesaboutseveralprojects;butoneofthefirsttobeinvestigatedwasMinos。”

“AndWennerstrcouldntshohatthefundshadbeenusedfor。”

“Farfroit。HeproducedanexcellentreportwhichshowedthataroundfiftyfourillionkronorwasinvestedinMinos。ButittuedoutthatthereweretooanyhugeadinistrativeproblesinwhatwasleftofPondforaodepackagingindustrytobeabletofunction。InpracticetheirfactorywasshutoutbythepetitionfroasiirGeranproject。TheGeransweredoingtheirbesttobuyuptheentireEasteBloc。”

“Yousaidthathehadbeengivensixtyillionkronor。”

“Exactly。Theoneyservedasaninterestfreeloan。Theidea;ofcourse;wasthatthepanieswouldpaybackpartoftheoneyoveranuberofyears。ButMinoshadgoneunderandWennerstrcouldnotbebedforit。Herethestateguaranteeskickedin;andWennerstrwasindenified。AllheneededtodowaspaybacktheoneythatwaslostwhenMinoswentunder;andhecouldalsoshowthathehadlostacorrespondingaountofhisownoney。”

“LeteseeifIunderstandthiscorrectly。Thegoveentsuppliedbillionsintaxoney;anddiploatstoopendoors。Industriesgottheoneyandusedittoinvestinjointventuresfrowhichtheyterreapedvastprofits。Inotherwords;businessasusual。”

“Youreacynic。Theloansweresupposedtobepaidbacktothestate。”

“Yousaidthattheywereinterestfree。Sothateansthetaxpayersgotnothingatallforputtingupthecash。Wennerstrgotsixtyillion;andinvestedfiftyfourillionofit。Whathappenedtotheothersixillion”

“WhenitbecaeclearthattheAIAprojectwasgoingtobeinvestigated;WennerstrsentachequeforsixilliontoAIAforthedifference。Sotheatterwassettled;legallyatleast。”

“ItsoundsasthoughWennerstrfritteredawayalittleoneyforAIA。ButparedwiththehalfbillionthatdisappearedfroSkanskaortheCEOofABBsgoldenparachuteoforethanabillionkronorwhichreallyupsetpeoplethisdoesntseetobeuchtowriteabout;”Blokvistsaid。“Todaysreadersareprettytiredofstoriesaboutinpetentspecutors;evenifitswithpublicfunds。Isthereoretothestory”

“Itgetsbetter。”

“HowdoyouknowallthisaboutWennerstrsdealsinPond”

“IworkedatHandelsbankenintheniies。GuesswhowrotethereportsforthebanksrepresentativeinAIA”

“Aha。Telleore。”

“Well;AIAgottheirreportfroWennerstr。Docuentsweredrawnup。Thebanceoftheoneyhadbeenpaidback。Thatsixillioningbackwasveryclever。”

“Gettothepoint。”

“But;ydearBlokvist船说

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