Former Sonic Team head Yuji Naka has reportedly been arrested as a third suspect in the Square Enix insider trading investigation.
reports that Naka is now the latest suspenct in a case regarding insider trading surrounding a new Dragon Quest game.as part of a suspected insider trading scheme.
Now, according to FNN, the Tokyo District Public Prosecutors’ Office’s Special Investigation Department has also arrested Naka for a similar potential infringement.Balan Wonderworld By purchasing the stock before the announcement, the belief is that all three suspects may have knowingly used insider information in order to later sell the stock again when its value increased.
“Today, some media outlets reported that the former employees of Square Enix were under investigation for suspected insider trading,” the statement reads.
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