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Sonic Designer Yuji Naka Arrested For Alleged Insider Trading


Legendary Sonic designer Yuji Naka has been arrested in Tokyo in connection with an insider trading investigation related to a Dragon Quest game reveal.

According to the Japanese media FNNIn the past 24 hours, former Square Enix employee Taisuke Sazaki and his friend Fumiaki Suzuki have been arrested on suspicion of insider trading. In 2020, developer Aiming was set to announce its Dragon Quest Tact mobile game, and it is alleged that Sazaki and Suzuki knew details about the game before it was publicly revealed. The couple reportedly purchased a combined 162,000 Aiming shares for approximately 47.2 million yen (or more than $335,000) upfront with the intention of benefiting from a potentially higher stock price stemming from the announcement of Tact.

Now it is suspected that Yuji Naka is also involved in this scandal. He is accused of buying 10,000 shares worth 2.8 million yen (about $20,000) in Aiming for the same purpose of profiting from the Tact disclosure. Naka was detained by the Tokyo District Prosecutor’s Office and the investigation is ongoing. It is currently unknown if the suspects still own their shares or if they have already sold them.

This is the second major controversy that Naka has been involved in this year. In April, Naka publicly criticized Square Enix on Twitter for removing him as director of Balan Wonderworld ahead of its release, blaming Square for the game’s critical failure. This outburst came after the conclusion of a lawsuit he had previously filed against the publisher. Naka is best known as the lead programmer behind the original Sonic the Hedgehog games for the Sega Genesis and Nights: Into Dreams.

[Source: FNN]



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