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Things Aren’t Looking Good For Bobby Shmurda & GS9

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*UPDATE*

Epic Records has announced that they plan to bail Bobby Shmurda and his GS9 crew out of jail. Sha Money XL, the Epic Records exec who signed Shmurda, has released an official statement clearing up some of the rumors from the ordeal that went down at Quad Studios.

“I was not arrested. They held me until they searched the studio then let me go. I signed these kids to give them a better way in life not to be dragged down by the media and gunned down by the 40 cops that raided the studio and pointed guns at me for working my job. You have no idea how this makes me feel or look when I’m one of the only few black men signing black artist from the streets and giving them a chance to do better in life.”

The crew’s bail is set at two million dollars. This comes after the array of charges that they are facing including gun, drug, attempted murder and murder charges. Check out the full list of charges here and all the weapons that were confiscated from them.

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As most of the entertainment world already knows, Bobby Shmurda was arrested yesterday morning along with his GS9 crew and Sha Money XL. They were all at Quad studios in Times Square when police arrested them as a result of an on-going investigation. Although we’re not sure about Sha Money’s fate, it’s been confirmed that there will be an indictment for Shmurda and his crew.

RELATED: Bobby Shmurda & Migos Will Team Up As The “Shmigo Gang”

The details about the case surrounding the “Hot N*gga” rapper are scarce as of now. But we do know that they are suspected of a number of violent incidents as well as narcotics trafficking according to Wondering Sound. This comes just days after the “Shmoney Dance” creator announced his plans to join forces with Migos for a joint project dubbed Shmigo Gang. He was also set to release his debut album in 2015. We’ll keep you updated on Bobby’s status as more information becomes available.

Watch as Shmurda is taken out of Quad studios chained up to his GS9 crew.

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