{"id":170868,"date":"2022-12-28T18:02:59","date_gmt":"2022-12-28T18:02:59","guid":{"rendered":"https:\/\/harchi90.com\/yuji-naka-has-been-formally-indicted-for-insider-trading-deals\/"},"modified":"2022-12-28T18:02:59","modified_gmt":"2022-12-28T18:02:59","slug":"yuji-naka-has-been-formally-indicted-for-insider-trading-deals","status":"publish","type":"post","link":"https:\/\/harchi90.com\/yuji-naka-has-been-formally-indicted-for-insider-trading-deals\/","title":{"rendered":"Yuji Naka has been formally indicted for insider trading deals"},"content":{"rendered":"
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Former Sonic boss Yuji Naka has been formally indicted for insider trading deals.\n<\/p>\n

According to NHK and spotted by VGC, the Tokyo District Public Prosecutors Office’s Special Investigation Department have indicted Naka and Taisuke Sasaki for investing millions of yen in a company based on insider information that had yet to be made public.\n<\/p>\n

The Eurogamer Newscast News Quiz of the Year 2022!<\/figcaption><\/figure>\n

The prosecutors allege that neither Naka nor Saskai would have invested the \u00a5144.7m if they hadn’t known Square Enix was about to announce a partnership with a mobile developer.\n<\/p>\n

Yuji Naka, the former boss of Sega’s Sonic Team, was reportedly re-arrested in Japan over fresh of insider trading earlier this month, accused of violating financial laws in relation to a mobile game it is claimed he had insider knowledge about. It follows a similar arrest in November, although that time, it was in relation to a Square Enix-published Dragon Quest mobile game.\n<\/p>\n

As Tom summarised for us earlier this year, while most famous for his work on Sonic, Naka worked with Square Enix for a brief spell between 2019 and 2021. In April this year, Naka revealed he had sued Square Enix over his exit from the company , and accused the publisher of booting him off the project before it released Balan Wonderworld in an unfinished state.\n<\/p>\n

Naka is yet to comment publicly on any of the above.\n<\/p>\n<\/p><\/div>\n