Elon Musk is under investigation by the US Securities and Exchange Commission over his $44bn takeover of social media giant Twitter, it was revealed on Thursday.
The SEC’s investigation was revealed on Thursday when the US agency sued to compel Musk to testify in their investigation, which he previously agreed to do and then reneged on. But two days before he was due to testify, Musk raised “several spurious objections” and told the SEC he would not appear, the SEC said. Musk also refused to SEC proposals to conduct the deposition in Texas, where he legally resides, in October or November.
“The SEC has already taken Mr Musk’s testimony multiple times in this misguided investigation – enough is enough,” said a statement from Alex Spiro, an attorney for Musk.
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