Tesla CEO Elon Musk being probed by federal authorities

SAN FRANCISCO: Tesla CEO Elon Musk is being investigated by federal authorities over his $44 billion takeover deal of Twitter, the micro-blogging platform revealed in a court filing. The court filing, submitted at the Delaware Chancery Court in the US late on Thursday, however did not reveal which federal agencies are probing Musk in connection with the deal, reports the CNN.

Twitter's filing said US federal authorities are looking into Musk's "conduct" linked to the deal. Twitter also accused Musk's legal team of "failing to produce draft communications with the Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission as part of the two sides' ongoing litigation over whether Musk can walk away from the deal", the report mentioned. In response to Twitter's filing, Musk's attorney Alex Spiro was quoted as saying that it is a move to "distract from Twitter's own legal problems".

"Twitter's executives are under federal investigation. This misdirection was sent by Twitter to try and uncover which of their assorted misconduct they are under investigation for," Spiro told CNN. (IANS)

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