Yuji Naka has been formally indicted for insider buying and selling offences


Former Sonic boss Yuji Naka has been formally indicted for insider buying and selling offences.

In response to NHK and noticed by VGC, the Tokyo District Public Prosecutors Workplace’s Particular Investigation Division have indicted Naka and Taisuke Sasaki for investing tens of millions of yen in an organization based mostly on insider info that had but to be made public.

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The prosecutors allege that neither Naka nor Saskai would have invested the ¥144.7m in the event that they hadn’t recognized Sq. Enix was about to announce a partnership with a cellular developer.

Yuji Naka, the previous boss of Sega’s Sonic Workforce, was reportedly re-arrested in Japan over contemporary allegations of insider buying and selling earlier this month, accused of violating monetary legal guidelines in relation to a cellular recreation it’s claimed he had insider information about. It follows an identical arrest in November, though that point, it was in relation to a Sq. Enix-published Dragon Quest cellular recreation.

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As Tom summarised for us earlier this yr, whereas most well-known for his work on Sonic, Naka labored with Sq. Enix for a short spell between 2019 and 2021. In April this yr, Naka revealed he had sued Sq. Enix over his exit from the corporate, and accused the writer of booting him off the mission earlier than it launched Balan Wonderworld in an unfinished state.

Naka is but to remark publicly on any of the above allegations.


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