LATEST: Rap mogul Irv Gotti and his brother CHRISTOPHER LORENZO were sensationally cleared of laundering money for New York City drug dealer KENNETH 'SUPREME' McGRIFF yesterday (02DEC05).

The Murder Inc Records heads were accused of using the company to launder up to $1 million (GBP560,000) for the known narcotics supplier - and could have been jailed for 20 years if found guilty.

But after two days of deliberating at New York City's District Court in Brooklyn, a federal jury found the stars to be innocent of all charges.

Murder Inc - which is now named Inc Records - represents acts including Jay-Z, Ashanti and Ja Rule, all of whom supported the music bosses in court.