Sonic creator Yuji Naka arrested in insider trading scandal



By Jess Weatherbed

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Yuji Naka is exquisite acknowledged for co-developing the Sonic the Hedgehog online game series, and worked at Square Enix on Balan Wonderworld 2018 and 2021. Image: Square Enix / YouTube

Yuji Naka, the famed co-author of Sonic the Hedgehog, has reportedly been arrested in Japan (through Fuji News Network) in connection with an insider shopping for and promoting case regarding former Square Enix personnel.

The scandal facilities round former Square Enix worker Taisuke Sazaki, who obtained records that the Dragon Quest Tact cellular recreation changed into being mutually created thru activity builders Square Enix and Aiming. Sazaki and some other ex-Square Enix employee, Fumiaki Suzuki, allegedly purchased 162,000 stocks in Aiming among December 2019 and February 2020 for approximately forty seven.2 million yen (spherical $336,760) prior to the assment’s public assertion on February fifth, 2020.

Naka changed into allegedly aware of the Aiming deal and acquired 10,000 stocks for approximately 2.Eight million yen (round $20,000) in advance than it grow to be publicly introduced. Naka worked with Square Enix at the Balan Wonderworld recreation among 2018 and 2021. All three men have now been arrested on insider buying and selling charges.

“We had been completely cooperating with requests from the Securities and Exchange Surveillance Commission,” stated Square Enix in an respectable declaration following the arrests. “We deeply regret the amazing subject this has precipitated to all concerned. We have handled this incident strictly, such as inner disciplinary actions taken towards the suspected personnel.”

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