Two people have been arrested in an ongoing investigation into insider trading at Square Enix in Japan. Two former employees, Taisuke Sasaki, along with Balan Wonderworld creator Yuji Naka, are accused of insider trading when they received knowledge that Square Enix would partner with developer Aiming for smartphone title Dragon Quest Tact, and proceeded to buy shares in the company.
According to Bloomberg's Takashi Mochizuki and his translation of a FNN report, Naka "allegedly bought 10,000 shares of Aiming for 2.8 million yen back in January 2020" when he learned non-public information about the unannounced deal. Together with Sasaki, the two are said to have purchased 162,000 shares for 47.2 million yen.
Naka had a public falling out with Square Enix after the poor reception and performance of Balan Wonderworld in which he accused the company of pushing him out of the director's chair after irreconcilable differences arose during development.
Square Enix recently released a statement, prior to the update of Naka's involvement in which they confirm the investigation:
Concerning Media Reports on Former Employees under Investigation of Suspected Insider Trading
Today, some media outlets reported that the former employees of Square Enix Co., Ltd. (hereafter "the Company") were under investigation for suspected insider
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