Is Elon Musk under federal investigation for his Twitter deal?

Is Elon Musk under federal investigation for his Twitter deal?

Elon Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for Twitter.

While the filing said he was under investigation, it did not point out the exact focus of the probes.

Twitter sued Musk in July to close the deal at the earliest.

However, he had claimed investigative privilege due to which he refused to hand over documents it had sought.

Twitter’s lawyers require the documents as it bears key issues in the current litigation.

Alex Spiro, Musk's attorney, claims the court filing was a "misdirection" and asserted that it was Twitter's executives that are under federal investigation.

Musk initially agreed to buy Twitter but was reportedly trying to pull out of the deal.

The reason mentioned that the company hadn’t been transparent about the number of bots and fake accounts.

Elon Musk is the richest man in the world with a net worth of $220 billion in 2022.