He is also a well-known video game developer, designer, and programmer from Japan who is well-known for his innovative work. Since 1984, Naka has been involved in the sector.
Since his arrest, information has spread through the media, and many people are curious as to where the case stands. Let’s find out exactly what he did!
In prison for insider trading, is Yuji Naka?
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The Japanese government has apprehended Yuji Naka, who is best known as a legend in the video gaming industry because they believe he may have engaged in insider trading in Tokyo.
The Japanese news website FNN broke the news first, garnering widespread attention.
As a result of the Square Enix insider trading controversy, Yuji Naka was detained. Cyrus Gaming, the source
Several days ago.
The Tokyo District Public Prosecutors Office released formal material claiming that Naka had obtained private information about a 2020 Dragon Quest mobile game while working for Square Enix.
According to the statement, he purchased 10,000 shares of the co-production company for the game, Aiming, before the project was made public.
Square Enix, the game’s publisher, has not yet made a public announcement about their collaboration with Aiming at the Game.
Yuji Naka, a Japanese video game programmer, was accused
Nevertheless, he stated that he had no intention of engaging in illicit activity and had just opted to purchase the share in the hopes that the share price would rise.
No mention of his selling the shares has yet been made. In the arrest case, two other former Square Enix workers were also held a day earlier on the same allegations in addition to Yuji.
The investigative team claims that Taisuke Sazaki and Fumiaki Suzuki purchased Aiming shares for 47 million yen ($336,000) between the end of 2019 and the beginning of 2020.
Suzuki discovered the existence of the Dragon Quest Tact in November 2019, and everything took place after that.
The authorities may soon begin judicial actions to determine the proper conclusion because they were able to catch the suspicious items.
Reddit Update, Learn About Online Users’ Response
Reddit users have responded quite positively to the case, and the comments section is full of surprise, comedy, expectations for his release, and many other things, demonstrating Yuji Naka’s notoriety.
While some people think he is incapable of carrying out such a job, others are eagerly awaiting his release from prison and other professional developments so they may enjoy a variety of gaming experiences.
However, other people believe that he ought to be imprisoned as in video games and that the police should repeat his sentence like a restart button in a game.
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