$20 million worth of Roc-A-Fella Records master recordings are at the center of a police investigation, according to TMZ.
The story begins in 2002, when Roc-A-Fella Records master recordings from 1998 to 2002 vanished. The recordings were thought to have been lost forever.
On Friday, April 18, a former Jay Z producer named Chauncey Mahan contacted Live Nation, the company that partnered with the rapper to create Roc Nation.
Mahan said he was in possession of a large amount of the recordings. He told Live Nation he was either going to put them up for auction or they could buy them from him for a $100,000.
LN agreed to buy the recordings for $75,000 and arranged to meet Mahan at his Northridge, California storage facility, where the masters were being stored. LN informed the LAPD of the proposed transaction. When Mahan arrived he was detained by police.
Mahan agreed to be taken in for questioning and allowed the LAPD to hold onto the recordings until a judge can decide who's the rightful owner.
Jay Z's lawyers have filed a grand larceny complaint. Because Live Nation is based in Beverly Hills, California, the police department there is investigating extortion allegations.
Mahan has not been arrested, but that could change pending the outcome of the investigation and the judge's decision.
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