Former Bad Boy executive charged with money-laundering

A former president of Sean 'P Diddy' Combs' Bad Boy Records has been charged with laundering $1m (€810,000) in drugs money through a bogus company.

Kirk Burrowes, who filed a $25m (€20.2m) lawsuit against Combs last year claiming he was violently forced out of Bad Boy Records, is accused of depositing proceeds from cocaine sales into the bank account of a company known as Gutter Keys.

The indictment, which was unsealed in New York's Manhattan Federal Court earlier this month, reveals that authorities caught Burrowes talking on his tapped mobile phone talking to a New Jersey man about using the proceeds to fund the operation of Gutter Keys, reports allhiphop.com.

Burrowes, who is now the president of another company called Plan B Enetertainment, is free on a $250,000 (€202,600) bond and according to reports, cannot leave his New York home.

Burrowes' lawsuit against Combs claimed that he had been forced out of his stake in Bad Boy by bat-wielding thugs.

His lawsuit also created a sensation when he claimed that Combs and a group of men known as the "The Enterprise" helped orchestrate the 1996 murder of Tupac Shakur in Las Vegas, Nevada.

In November, a judge tossed the entire lawsuit, citing a "limitless number of decencies".