Elon Musk: Elon Musk didn’t give money, former Twitter CEO Parag Agarwal dragged him to court

Elon Musk: Elon Musk didn’t give money, former Twitter CEO Parag Agarwal dragged him to court

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New Delhi: Elon Musk took over the reins of social media company Twitter in October last year. After this, he first ousted the company’s Indian-origin CEO Parag Agarwal and several other top executives. Aggarwal and the two other sacked officials have now taken Twitter to court. These people say that they owe one million dollars i.e. about eight crore 20 lakh rupees on Twitter. Twitter is legally bound to pay this money. This includes the costs associated with litigation, investigations and parliamentary inquiries. Along with buying Twitter, Musk fired Agarwal as well as Chief Financial Officer (CFO) Ned Siegel and Legal Affairs and Policy Chief Vijaya Gadde.

When AFP asked Twitter for comment, the social media company responded with a poop emoji. The court filing details the costs associated with the US Securities and Exchange Commission (SEC) and Department of Justice (DOJ) investigations. However, it has not been told that the investigation was related to the case and whether it is still going on or not. Aggarwal and Ned Siegel appeared before the SEC last year. He is still engaged with federal authorities, according to court documents. The SEC is investigating whether Musk followed securities regulations when he bought a large number of Twitter shares.

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Vijaya Gadde, who was the Chief Legal Officer of Twitter, had to appear in the Parliament hearing. Musk released Twitter files last year regarding the content of Twitter. Gadde was produced in this case. Aggarwal, Gadde and Siegel say that according to the agreements Twitter has to pay their bill but the company has not done so till now. Musk struck a deal in April to buy Twitter for $44 billion but then backed out. Musk completed the deal when Twitter threatened to go to court.

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