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Brazil Seizes Elon Musk’s Assets

Brazil Seizes Elon Musk’s Assets

September 15, 2024
Brazil Seizes Elon Musk’s Assets

Elon Musk

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Alexander de Moraes, a judge at Brazil’s Supreme Federal Court, ordered the transfer of 18.3 million Brazilian reais (approximately 3 million euros) to the Brazilian state’s coffers. This amount corresponds to the frozen accounts associated with Elon Musk’s companies, X and Starlink.

According to the “Comercio” newspaper, the Supreme Court of Brazil and Judge de Moraes, who has relentlessly campaigned against Elon Musk, ordered the transfer of 3 million euros frozen in accounts owned by the American billionaire to the state.

The measure is to be implemented as a “comprehensive payment” for fines imposed on the platform X, which has been suspended in the country since August 31. The suspension was due to the refusal to delete a series of profiles using false information, committed to defaming the democratic institutions of the South American giant.

Consequently, the decision to transfer $3.3 million to the Brazilian state corresponds to the blocked accounts of social networking companies in which Elon Musk is involved. The court stated that de Moraes “ordered the transfer to the state of 18.35 million reais frozen in accounts belonging to the X platform and Starlink, the satellite internet services company, in Brazil to the state.”

The Spanish newspaper “El País” reported that the prolonged attack against billionaire Elon Musk left more than 22 million users without their favorite platform, and thousands of Jair Bolsonaro’s followers gathered in downtown Sao Paulo to demand the dismissal of the Supreme Court judge who stopped the social network X due to Musk’s ongoing disrespect.

Tags: assetsBrazilElon Musk
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