The Tokyo District Public Prosecutors Office has arrested Yuji Naka (57), a game creator, today in connection with an insider trading case involving development information for the new work of the popular "Dragon Quest."
According to the special investigation unit, the suspect was an employee of the game company Square Enix (Square Enix), which was jointly developed by Square Enix and the online game production company Aiming in late January 2020. In addition, it is said that he learned important information about "Dragon Quest Tact".
The suspect is said to have bought about 10,000 shares of "Aiming" for about 2.8 million yen before the information was announced. The suspect was arrested for insider trading under the Financial Instruments and Exchange Act.
In this case, Taisuke Sasaki (38), a former employee of Square Enix, and Fumiaki Suzuki (40), an acquaintance, were arrested yesterday on suspicion of insider trading. It is said that the two purchased about 162,000 shares of Aiming for about 47.2 million yen.
All three of them are believed to have bought Aiming's shares, thinking that if information on "Dragon Quest Tact" was announced, the stock price of Aiming would rise. It was not disclosed whether the three had sold out of their shares.
Always funny to me when corporate types get busted for shit you know was covered in a workplace training session. Especially insider trading, which is literally the dumbest thing you could do aside from stealing the cafeteria coffee maker.