Former Square Enix devs rearrested over second case of suspected insider trading — report

Two former Sq. Enix builders, Taisuke Sasaki and Yuji Naka, have reportedly been rearrested on suspicion of insider buying and selling regarding cellular sport Ultimate Fantasy VII: The First Soldier developer, Ateam.

Based on Japanese outlet Asahi, Taisuke Sasaki and Yuji Naka are reportedly suspected of utilizing insider data to have purchased shares in developer Ateam earlier than it was publicly introduced that the studio could be engaged on Ultimate Fantasy VII cellular spin-off, The First Soldier.

Former Sq. Enix staff reportedly rearrested regarding second suspected occasion of insider buying and selling

Asahi reviews that the Tokyo District Public Prosecutor’s Particular Investigation Division and Sq. Enix have introduced that Sasaki and Naka have been rearrested this week on suspicion of violating the Monetary Devices and Trade Act in 2021. It’s recommended that Taisuke Sasaki and Yuji Naka could have realized of the partnership between Sq. Enix and Ateam for the Ultimate Fantasy cellular sport and bought a lot of shares within the studio forward of the general public reveal, presumably in anticipation that share costs would improve dramatically after the announcement. Sasaki reportedly bought 91,000 shares for the sum of ¥105 million (round $760,000), whereas Naka reportedly bought round 120,000 shares for ¥144.7 million (simply over $1 million). The pair have reportedly earned a whole bunch of tens of millions of yen between them since buying the shares.

Based on reviews, each Taisuke Sasaki and Yuji Naka have been beforehand suspected of an identical violation final month alongside Fumiaki Suzuki, regarding Dragon Quest Tact developer Aiming. Investigations are apparently presently ongoing.