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Sonic creator Yuji Naka arrested for insider trading….


Romier S
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The Tokyo District Public Prosecutors Office today arrested a new suspect, Yuji Naka, 57, a game creator, in an insider trading case involving information on the development of a new "Dragon Quest" game.

 


According to the announcement by the Special Investigation Department, the suspect, who was an employee of the game company Square Enix (Square Enix), learned important information about "Dragon Quest Tact," which was being jointly developed by Square Enix and the online game production company Aiming, around late January 2020.

Before the information was announced, Naka allegedly purchased approximately 10,000 shares of Aiming stock for approximately 2.8 million yen. He was arrested for insider trading under the Financial Instruments and Exchange Law.

The two suspects, Taisuke Sasaki (38), a former employee of SQUANI, and his acquaintance Fumiaki Suzuki (40), were also arrested yesterday on suspicion of insider trading.

All three of them are believed to have bought shares in Aiming, thinking that if information on "Dragon Quest Tact" was announced, the share price of Aiming would rise. It was not disclosed whether the three had sold out of their shares.
 

 

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