Mumbai. The troubles of the world's richest man and the CEO of the American electric car company Tesla Elon Musk are on the way to baffle him as Twitter shareholders have filed a case against him accusing of influencing the share price. Notably, the Twitter deal of 44 billion dollars is currently on hold.

What are the charges ?

Musk is accused of deliberately reducing the price of Twitter's shares. This should give them a chance to survive for the Twitter deal or they can get the price of the deal reduced. It has been alleged that Musk has created doubts on the deal, due to which the price of the microblogging platform has come down. A shareholder filed the case on Wednesday, seeking action against Musk.Musk recently said that his bid to buy Twitter would not proceed until he found evidence of the number of spam accounts on the platform.

Case already registered

Earlier last month, Musk was sued in a US court. He was accused of deliberately delaying the announcement of his stake in Twitter. He did this to get the company's shares at a cheaper rate. The lawsuit was filed by some former Twitter shareholders demanding the court to pay damages and take punitive action against Musk.

No voting on deal to buy Twitter

At the regular meeting of Twitter shareholders on Wednesday, there was no voting on Elon Musk's $ 44 billion deal to buy the company. Twitter CEO Parag Aggarwal said at the start of the meeting that the officials would not answer questions regarding the proposal to buy Twitter.