Will Elon Musk be jailed or fined heavily?

frame Will Elon Musk be jailed or fined heavily?

S Venkateshwari
Will Elon Musk be jailed or fined heavily?

Elon Musk, one of the world's richest businessmen, announced the purchase of micro-blogging website Twitter. However, now it is clear that Elon Musk has canceled this deal. Elon Musk was about to buy twitter for about Rs 3.37 lakh crore i.e. $ 33 billion. The matter between twitter and Elon Musk did not go well and Elon went back on his promise. Now the question arises what will happen next?

After canceling Elon Musk's deal, twitter has moved the court and filed a lawsuit against Elon Musk. It is being discussed that the court can impose a heavy fine against him or even send him to jail for canceling the deal. 

Twitter's lawyer said - only four days is enough

In this case, Twitter's lawyers say that they only need four days' time and they will prove it. Lawyers say that Elon Musk will have to admit his guilt and pay a whopping $54.20 billion. Experts believe that if Elon Musk is convicted and he fails to pay the fine, then he may also have to go to jail according to local laws.

A law professor explains that in the case of contempt, the court judge can impose a daily fine on Elon Musk. However, it may also be that this fine will not have any significant effect on Elon Musk because according to a Bloomberg report, Elon Musk owns a wealth of $ 217.1 billion. In one such case, the court had ordered to pay a fine of $ 30,000 per day.


Can Elon Musk go to jail?

According to Delaware's civil laws, offenses such as canceling a deal can result in prison terms. In one such case in 2014, the court had ordered to send the convict to jail and his passport was also confiscated. The US state of Delaware is known for its strict laws. This is the reason why Elon Musk's troubles can increase.

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Will Elon Musk be jailed or fined heavily?

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