Elon Musk will not go to G20 business meet in Indonesia: official

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Elon Musk, the billionaire new proprietor of Twitter, will not go to Indonesia for a business gathering on the sidelines of the G20 summit, however will as an alternative attend nearly, a senior Indonesian official mentioned Sunday.

Musk, who additionally owns electrical automobile maker Tesla, was due to converse on the so-called B20 business convention on the resort island of Bali however a court docket case over his 2018 pay bundle value about $56 billion in inventory choices is slated to start subsequent week.

“In regards with Elon Musk, he has a trial. He have to be current on the court docket,” Indonesia’s coordinating minister of maritime and funding affairs Luhut Binsar Pandjaitan instructed reporters on the business convention on the eve of the G20 leaders’ summit beginning on Tuesday.

His workplace mentioned the world’s richest particular person would as an alternative participate in an hour-long digital dialogue on “future disruption of worldwide technological innovation” on the B20 on Monday with Indonesian tycoon Anindya Bakrie.

The B20 lists Amazon founder Jeff Bezos, Canadian Prime Minister Justin Trudeau and Australian Prime Minister Anthony Albanese as attendees.

Pandjaitan mentioned Musk would go to Jakarta in December “after his difficulty on the court docket finishes”.

Indonesian President Joko Widodo travelled to Texas to meet Musk earlier this 12 months for talks about Tesla investing in the nation’s nickel trade.

Indonesia has the biggest nickel reserves in the world, and the pioneering electrical automobile firm is reportedly eyeing them for elements for its batteries.

The colossal pay packet being challenged in a Delaware court docket by a Tesla shareholder was authorized by the corporate’s shareholders on the time.

But the plaintiff argued Musk as majority shareholder presided over a conflicted transaction authorized by a board managed by him and that it needs to be rescinded.

The case will be overseen by the identical decide who final month dominated Musk should honour his multi-billion greenback buyout of Twitter.

World leaders together with Chinese President Xi Jinping and US President Joe Biden will journey to the summit on the principally Hindu island for talks with different G20 leaders.

Russian President Vladimir Putin will be absent from the meet as warfare continues to rage in Ukraine.

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