| Updated at: 1508 PST, Wednesday, December 08, 2010|
KARACHI: Col. Gaddafi often speaks out publicly against government corruption, but WikiLeaks revealed that the politically-connected elite have direct access to lucrative business deals.
This commercial access can easily be cut off when individuals fall out of favour. The Gaddafi family and other Jamahiriya political favourites profit from being able to manipulate the multi-layered and regularly shifting dynamics of governance mechanisms in Libya.
According to the leaks, the Gaddafi's family and other political favourites have strong interests in the oil and gas sector, telecommunications, infrastructure development, hotels, media distribution, and consumer goods distribution.
The financial interests of Gaddafi and his key allies present both opportunities and challenges for reform efforts in Libya. Any reform is likely to be cyclical over the long-term.