Yuji Naka, who was arrested last month for insider trading involving a Dragon Quest game, has now been arrested again, this time for Final Fantasy.
The co-creator of Sonic was arrested for potential insider trading related to the mobile game, Final Fantasy VII: The First Soldier. He along with fellow now ex-Square Enix employee Taisuke Sazaki were allegedly investing in the game’s developer ATeam Entertainment based on non-public knowledge about the game’s reveal.
According to Asahi (via VGC), Yuji Naka, who formerly worked at Square Enix to develop Balan Wonderworld, purchased roughly 120,000 shares in ATeam Entertainment for a total price of around ¥144.7 million yen ($834,000).
Prior to the Final Fantasy spin-off, Yuji Naka was previously arrested last month for similar allegations involving the mobile game Dragon Quest Tact. In response to this news, Square Enix themselves put out the following statement:
“Today, some media outlets reported that the former employees of Square Enix were under investigation for suspected insider trading,” the statement read at the time”.
“We have been fully cooperating with requests from the Securities and Exchange Surveillance Commission. As the investigation by the Tokyo District Public Prosecutors Office is underway, we will continue to fully cooperate with the investigation”.
“We deeply regret the great concern this has caused to all concerned. We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees”.
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