Yuji Naka indicted over insider buying and selling case at Sq. Enix



Weeks after his second arrest, and over a month after his first, recreation developer Yuji Naka has been indicted over alleged insider buying and selling throughout his time at Sq. Enix.

Per the NHK (and translated through Google), Tokyo’s Public Prosecutor’s Workplace decided that Naka invested over 144.7 million yen (or $834,000) into the developer. It is alleged that he was conscious that Sq. Enix was planning to announce Remaining Fantasy VII: The First Soldier for cell units, and bought firm inventory forward of its reveal, when inventory gross sales had been anticipated to rise.

Additionally indicted is ex-Sq. Enix worker Taisuke Sasaki. Sasaki was beforehand arrested in mid-November with fellow worker Fumiaki Suzuki over related allegations of insider buying and selling, however for the cell title Dragon Quest Tact.

Sasaki was claimed to have bought 105 million yen ($787,318) in inventory, in accordance with the NHK.

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Throughout Naka’s first arrest, it was alleged that he bought inventory forward of Dragon Quest Tact’s official reveal. He reportedly bought inventory in its developer Aiming Inc, which was mentioned to be price 2.8 million ($20,000).

At time of writing, it is unknown if Naka or Sasaki will stand trial.


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