Well a little known truth about traitor Ghaddafi is that after lifting of sanctions, he deposited huge chunks of national wealth into American investment groups like Lehman, Citi Corp, Goldman, etc etc and that money which was national wealth was effectively reduced to rubbles. Ghaddafi = daciot of Libya.
Here is a glimpse:
TRIPOLI // The metal gate of one of Safia Qaddafi's beachfront getaways in Tripoli has been busted open and children run through the ransacked bungalows and frolic in the ocean.
"Before, only Qaddafi's family could come here," said Alaa Murad, a 24-year-old Libyan-Canadian business student whose great-grandfather had owned the land before it was requisitioned for "army use" in 1972 by Colonel Muammar Qaddafi's regime. Instead, it was given eight years later to Col Qaddafi's second wife, Safia, who built small cabins and the kind of large tented area her husband seemed to love.
But on this sunset visit to the 5-square-kilometre site, Mr Murad was not depressed. The beautiful view and prime location appear to be perfect for a new hotel.
"My father and I will get this land back," he said. "Then we can build a new hotel. Things are going to get good in Libya."
Col Qaddafi refused to allow development along Tripoli's coast, except for a group of modern hotels and buildings under the control of his sons and close aides. Tourism was to become a new sector of the economy, but only to be exploited by his sons and senior regime loyalists.
It was the same throughout the economy, Libyan businessmen say. Under the guise of an increasingly liberal economy, the regime controlled everything from how much money someone could earn to whether they could get a shipment from abroad - and how big a bribe they would have to pay in order to stay in business.
