US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition

Indonesia Berita Berita

US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition
Indonesia Berita Terbaru,Indonesia Berita utama

The Securities and Exchange Commission says it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X.

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FILE - Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. Germany's government rebuked X owner Elon Musk after he criticized the recent work of migrant rescue ships that German humanitarian groups operate in the Mediterranean Sea.

But “two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear,” said the agency’s filing. “Musk attempted to justify his refusal to comply with the subpoena by raising, for the first time, several spurious objections, including an objection to San Francisco as an appropriate testimony location.

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