Elon Musk Rejects SEC Requests To Be Sanctions For Twitter Takeover Cases

Elon Musk (twitter @elonmusk)

JAKARTA - In October, Elon Musk was sued by the US Securities and Exchange Commission (SEC), and asked to testify against the takeover of social media Twitter (now X) worth 44 billion US (Rp693.5 trillion).

However, Reuters recently reported that the owner of X filed his objection to the San Francisco federal court not to force him to testify to the US Securities and Exchange Commission in the case.

In his report, Alex Spiro, Musk's lawyer, called the investigation "misguided, and the SEC's pursuit of Musk crossed the line and became harassment".

In 2022, Musk announced plans to buy Twitter for $44 billion. He then tried to get out of the deal, and accused Twitter of not fully revealing bot activity on its platform.

After being sued for a deal, Musk closed Twitter's acquisition at the end of October 2022.

Musk has provided documents to the SEC regarding the investigation and testified in July last year via video conference.

But unfortunately, SEC lawyers said they had more questions for Musk after seeing the document.

Meanwhile, the history of the dispute between the SEC and Musk is indeed long. They are not only at odds over Twitter's stock problems, but also because of several things that happened at Tesla.