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Former execs arrested for fraud at Atlus parent company
Former execs arrested for fraud at Atlus parent company
May 28, 2014 | By Mike Rose

May 28, 2014 | By Mike Rose
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More: Console/PC, Business/Marketing

Newsbrief: Last year Index Corporation, the Japanese company that owned video game developer and publisher Atlus, filed for bankruptcy. Now reports indicate that the company's former CEO and president have both been arrested on charges of fraud.

According to Nikkei, and as translated by Siliconera, Masami and Yoshimi Ochiai have been arrested on charges of falsifying of financial records and inflating profits during their time with Index.

This comes after Index was acquired by Sega back in September. Sega recently revealed what it plans to do with Atlus.

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