Yuji Naka, the famed co-creator of Sonic the Hedgehog, has reportedly been arrested in Japan (through Fuji Information Community) in reference to an insider buying and selling case involving former Sq. Enix staff.
The scandal facilities round former Sq. Enix worker Taisuke Sazaki, who obtained info that the Dragon Quest Tact cell recreation was being collectively created by recreation builders Sq. Enix and Aiming. Sazaki and one other ex-Sq. Enix worker, Fumiaki Suzuki, allegedly bought 162,000 shares in Aiming between December 2019 and February 2020 for about 47.2 million yen (round $336,760) previous to the venture’s public announcement on February fifth, 2020.
Naka was allegedly conscious of the Aiming deal and purchased 10,000 shares for about 2.8 million yen (round $20,000) earlier than it was publicly introduced. Naka labored with Sq. Enix on the Balan Wonderworld recreation between 2018 and 2021. All three males have now been arrested on insider buying and selling fees.
“We’ve been totally cooperating with requests from the Securities and Alternate Surveillance Fee,” mentioned Sq. Enix in an official assertion following the arrests. “We deeply remorse the good concern this has brought on to all involved. We’ve handled this incident strictly, together with inside disciplinary actions taken in opposition to the suspected staff.”