Tokyo Prosecutor’s Office Formally Charges Yuji Naka with Insider Trading

Yuji Naka has been formally charged by the Tokyo public prosecutor’s workplace for insider buying and selling offences.

The Sonic co-creator was arrested in November as a part of an investigation into which he was accused of getting purchased shares within the Aiming studio earlier than the announcement of Dragon Quest Tact. A month later, in early December, he was arrested once more, this time in an investigation into alleged insider buying and selling to buy ATeam Leisure shares previous to the announcement of Ultimate Fantasy VII: The First Soldier.

As reported by the Japanese newspaper NHK, the Tokyo District Prosecutor’s Workplace has decided the veracity of this second case and has issued the formal accusation, during which Taisuke Sasaki, an worker of Sq. Enix, can also be implicated. It’s presently unknown when the trial in opposition to Naka and Sasaki will happen.

On the time, Sq. Enix declared that “now we have been cooperating with the requests of the fee of investigation. So long as the investigation of the Prosecutor’s Workplace is ongoing, we are going to proceed to completely cooperate with it.”

“We’re deeply sorry for the nice concern this has brought about everybody concerned. We now have dealt strictly with this incident, together with inside disciplinary motion with all suspected staff.”