(-Written by Mumtaz Afrin): - According to a court filing by the social media behemoth, Elon Musk, the CEO of Tesla and SpaceX, is under federal investigation for his actions in relation to the $44 billion acquisition of Twitter. According to Twitter, "he has exchanged significant correspondence with those agencies regarding their investigations through counsel."

Elon Musk, the CEO of Tesla, is being investigated by the federal government in relation to his $44 billion attempt to acquire Twitter, according to information provided by Twitter in a court document made public on Thursday. The lawyers for Twitter stated in a letter dated October 6 that they have been requesting papers relating to the investigation from Musk since July 22. The letter was directed to Judge Kathaleen St. Jude McCormick, who is in charge of the company's action against Musk. The attorneys drafted: Federal authorities are currently looking into Elon Musk's actions in relation to the purchase of Twitter. He has communicated with those authorities about their investigations in-depth through counsel. Twitter demanded the provision of the papers months ago, the attorneys said, adding that they "bear upon significant matters in this action." But the defendants still haven't turned them in, and the trial is only 11 days away.

Twitter's attorneys also made reference to a letter Musk purportedly received from the Securities and Exchange Commission (SEC) in June in their letter. The SEC, according to Twitter, was looking for evidence in relation to a tweet Musk sent out in May, in which he stated that the "transaction cannot move forward" until Twitter gives him additional details regarding spam and fraudulent accounts on the network.

The SEC also looked at Twitter's process for identifying spam accounts. The SEC informed Twitter in a letter dated July 27 that it had finished reviewing its files. We would like to remind you that, regardless of any review, comments, action, or lack of action by the staff, the company, and its management are in charge of the accuracy and sufficiency of their disclosures.

In April, Musk formally agreed to purchase Twitter for $44 billion. He thereafter attempted to renege on the arrangement, claiming that Twitter had broken it materially. In July, he formally revoked his bid to purchase Twitter, alleging that the social media giant had not been open about the number of bots and phony accounts using its site. Musk gave several reasons to scrap the agreement.

The Tesla CEO was then sued by Twitter to compel him to complete the transaction. In response, Musk sued Twitter. On October 17, the Delaware Chancery Court was to hold the trial between the two parties. But last week, Musk declared he would buy Twitter for the agreed-upon $54.20 per share. In order to avoid a trial, the court gave him until October 28 to complete the transaction. According to Musk, the acquisition of Twitter will hasten the development of "X, the everything app."