Creator of Sonic the Hedgehog arrested again
A few days ago we reported that Sonic the Hedgehog co-creator Yuji Naka has been arrested along with two Square Enix employees for insider trading. The three people were accused of buying shares in developer studio Aiming Inc. shortly before they announced their mobile game Dragon Quest Tact. Naka allegedly bought about 10,000 shares worth about 2.8 million yen, or 20,000 euros. However, it is not known whether he actually sold them again.
Yuji Naka arrested again for more insider trading
How among other things VGC now reported, Naka was arrested again for insider trading, but this time it’s a different Square Enix game. The developer is accused of having bought 120,000 shares of the development studio ATeam for about 144.7 million yen, i.e. about one million euros, shortly before they announced their mobile game Final Fantasy 7: The First Soldier in cooperation with Square Enix.
According to a report by Asahi a third, unnamed person was informed about this collaboration, who is said to have acquired around 10,000 shares. In addition, Sazaki, who allegedly bought 91,000 shares of the studio ATeam, was arrested again.
At the time of the initial arrest, Square Enix released a statement saying they were fully cooperating with authorities to clarify the matter. In addition, the company wants to take disciplinary measures against the former employees. Square Enix has not yet commented on these new arrests.