Naka was reportedly arrested in connection with an investment he made while working at Square Enix in 2020.
Square Enix and game developer Aiming Co. co-developedDragon Quest Tactin 2020.
Naka knew Aiming was developing the mobile game and bought shares before the official announcement.
Insider trading is the purchasing and selling of stocks using confidential or privileged information, typically to make money.
The practice is illegal in Japan.
The trio intended to probably sell the shares once the news ofDragon Quest Tactwent public.
It is still unclear if the three have sold their shares.
Naka worked at Sega for over two decades and left in 2006.
Naka’s most notable accomplishment is co-creatingSonic the Hedgehogwhile leading the Sega Sonic team.
Naka would later join Square Enix in 2018.
He left in June 2021, after the launch of his most recent game, Balan Wonderland.
Evans I. Karanja is a freelance writer who loves to write about anything technology.
When not writing, he can be found playing video games or watching F1.
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