Sonic the Hedgehog co-creator Yuji Naka arrested in Japan on suspicion of insider trading

Yuji Naka, the co-creator of Sonic the Hedgehog, has been arrested by the Tokyo District Public Prosecutors Workplace for insider buying and selling.

According to Fuji News Network, the issue arose after Naka bought 10,000 shares of inventory in developer Aiming whereas employed at Sq. Enix in 2020.

Balan Wonderworld – A Hero Or Two

Each firms had been co-developers of the Dragon Quest Tact cell sport. The particular investigation unit claims Naka knew of “necessary details about the brand new sport,” which led Naka to buy ¥2.8 million price of inventory.

Two different Sq. Enix staff had been additionally arrested on suspicion of insider buying and selling after the 2 bought 162,000 shares of Aiming for round ¥47.2 million.

It’s prompt that the three had been searching for Aiming’s inventory worth to rise after the announcement of Dragon Quest Tact.

Naka joined Square Enix in 2018 and was the director of Balan Wonderworld, which went over like a lead balloon. After leaving the company last year, Naka sued Square for removing him as the game’s director six months earlier than its launch. Naka additionally claimed Balan Wonderworld was launched to the world “in an unfinished state,” stating they had been “dissatisfied {that a} product I labored on from the beginning turned out this manner.”

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