Yuji Naka Sentenced to 4-Year Probation & Over ¥170 Million in Fines

An update has been released regarding the situation revolving around Yuji Naka’s legal conflict of insider trading within Square Enix. Following legal proceedings, he was convicted by the Tokyo District Court and sentenced to four years of probation and two fines totaling over ¥170 million. However, if Naka does not adhere to these conditions, he can spend up to 2.5 years in prison.

It’s been quite an eventful batch of months for Naka following his time being the director of the failed Balan Wonderworld. Still, it seems this controversy is gradually heading toward its end, assuming he doesn’t break his probation period and gets into an even vaster conflict.

Thanks to Tails Channel for sharing this news.

In case you’re not aware, this conflict started back in December 2022 after Yuji Naka and some associates were found using confidential information regarding a game release and proceeded to buy as much stock from the company as they possibly could, earning them a massive profit after the game was officially disclosed. But, Japan’s Financial Instruments and Exchange Act considers that a crime that led to the arrest.

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Orpheus Joshua

Random gamer equally confused by the mainstream and the unusual.