REGULATOR SUES ELON MUSK TO FORCE TESTIMONY IN X PROBE

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Financial regulators in the US are suing Elon Musk, after the billionaire said he would no longer co-operate with its investigation into his purchase of Twitter, now known as X.

The Securities and Exchange Commission SEC, asked a federal court to order him to comply with their request that he sit for a third session of testimony about the deal.

The move to sue, followed receipt of a letter from a lawyer for Musk, which said he refused to appear as requested.

It accused the SEC of “harassment”.

The lawsuit is the latest feud between the SEC and Musk, who once declared on national television that he had “no respect” for the regulator.

The SEC launched its investigation of Musk’s $44bn purchase of X last year.