IWFT_L.A.Reid

It’s been almost a year since rapper Bobby Shmurda has been in jail awaiting trial on charges of conspiracy, drugs and weapons possession. Since then fans of the Brooklyn rapper have been putting pressure on his record label, Epic Records, to put up $2 million for his bail. In a recent interview with Rap Radar podcast, Epic Records CEO, L.A. Reid addressed the criticism and why he hasn’t put up the money for Shmurda yet.

Hit the jump for more.

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L.A. Reid explained, “People don’t know anything about my business, right? It’s really not their business. That’s the truth about it, right? We’re not elected officials here. And we’re not at liberty to disclose how we do business. It’s fair practice, I can tell you that. But, it’s not the industry that it once was. We seriously don’t make the money we used to make. That’s a fact of life, right?”

He then went on to compare Bobby Shmurda’s situation to Snoop Dogg’s 1996 case where he was acquitted for murder. He said, “Bobby Shmurda is not the same as Snoop Dogg and Murder Was The Case, who’s coming off The Chronic and his first album. It’s a different era, ya know? And, we’re a publicly held corporation. We just aren’t in the same position we were in back in those days. So, it’s a different day.”

Although, Reid isn’t in a position to help out Bobby Shmuder he did take the time to show him love. He said, “I’m crazy about that kid and I think about him often. And I feel like, ya know, his better days are ahead of him. I do believe that. And I think it’s unfortunate what has taken place.”