The Tokyo District Attorney’s Office has been arrested Sonic the Hedgehog co-creator and game director Yuji Naka on Friday on suspicion of insider trading.
In particular, a number of people who used to work at Square Enix have been arrested for insider trading related to the mobile game Dragon Quest Tactics and its developer Aiming.
Naka is accused of buying 10,000 shares of Aiming stock prior to the announcement Dragon Quest Tactics would be developed by the studio. Probably hoping that once the news became public, the price of the stock would rise.
While Naka bought 10,000 shares, other Square Enix employees, such as Taisuke Sazaki and Fumiaki Suzuki, bought significantly more and are also suspected of insider trading.
Naka is already embroiled in a lawsuit after he left and deleted Square Enix Balance Wonderworld development, so this arrest clearly comes at a bad time.
To many, Naka is best known for his work on and co-creation of the Sonic the Hedgehog series and also a core member of the original Sonic Team.
A talented programmer, Naka also worked in game design and production in the early days Sonic games, but also on the wonderfully eclectic Nights in dreams and the very underrated Burning Rangers.
Anyway, it remains to be seen how this will all develop and to what extent Naka has actually broken the law. For now, it looks like Naka and others are in for a bumpy legal ride.
follow me up Twitter, Facebook and YouTube. I also manage Mecha Damashii and get toy reviews hobbylink.tv.
Read my TUSEN blog here.