Yuji Naka, other Square Enix employees arrested for insider trading
Authorities are cracking down on Square Enix employees following allegations of insider trading. The Tokyo Prosecutor's Office has arrested three former Square Enix workers, claiming that they used insider knowledge to invest in a gaming studio prior to the public reveal of their latest project. Reportedly, Fumiaki Suzuki, Taisuke Sasaki, and Yuji Naka, the latter known as the creator of Sonic the Hedgehog, had insider information on an upcoming mobile game, Dragon Quest Tact, and used it to heavily invest in stock shares of the developer, Aiming Co., prior to the official announcement.
Square Enix released a statement on the matter, saying that they are currently working with the police in their investigation to "clarify the facts", while also taking disciplinary action against the accused employees. According to Japanese media outlets, Naka purchased around 10,000 shares of Aiming for 2.8 million yen total, while Sasaki and and Suzuki bought a combined 162,000 shares at about 47.2 million yen.
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