Former Sonic boss Yuji Naka has been formally indicted for insider trading offences.
According to NHK and spotted by VGC, the Tokyo District Public Prosecutors Office’s Special Investigation Department have indicted Naka and Taisuke Sasaki for investing millions of yen in a company based on insider information that had yet to be made public.
The prosecutors allege that neither Naka nor Saskai would have invested the ¥144.7m if they hadn’t known Square Enix was about to announce a partnership with a mobile developer.
