 In 2011, Palladino Capital 2, an investment company run by South African billionaire Walter Hennig, lent Guinea $25 million allegedly in order to fund the establishment of a state mine.But it soon became evident that the money was not used as intended and the terms were detrimental to Guinea.Furthermore, according to former Guinean Minister of Mines Mahmoud Thiam, the deal included a commitment to support Condé's political campaign.