"Completely untrue ….a lie.”

This is what P Diddy – real name Sean Combs - had to say about recent allegations that he and the late rapper Christopher “Notorious BIG” Wallace knew that Tupac Shakur would be ambushed in 1994 at the Quad Recording Studios on New York's 7th Avenue.

The rap magnate issued a statement on Monday in which he completely denied that he or his associates were involved in the killing of famous rapper Tupac Shakur.

An article published on the Los Angeles Times Web site said that some recently revealed FBI records show who was involved in the planning of Tupac’s murder.

Sean “P Diddy” Combs labeled the allegations as being "beyond ridiculous".

"It is beyond ridiculous and completely false. Neither [BIG] nor I had any knowledge of any attack before, during or after it happened," he said.

"I am shocked that the Los Angeles Times would be so irresponsible as to publish such a baseless and completely untrue story."

The Los Angeles Times article was allegedly based on FBI records, witness accounts and a confidential informant. According to the records, talent promoter James Sabatino and talent manager James "Jimmy Henchman" Rosemond were the ones that planned to ambush Shakur in 1994. Both of them were and are Combs’ associates.

Sabatino and Rosemond were angry about Tupac “insolent” behavior and had planned to ambush him and give him “a severe beating”. They lured the famous rapper to the Quad Studios by offering him $7,000 to provide a vocal track for a rap recording. Unfortunately things got messy after Tupac pulled out a gun. He was shot five times but survived.

Tupac was shot five times but survived. He was killed in Las Vegas in a similar attack two years later on Sept. 13. Just a year later came, 1997, Christopher “Notorious BIG” Wallace was also killed. His death was seen as retaliation for Shakur’s killing. Both deaths remained unresolved and no one has ever been charged.

Sabatino and Rosemond, one of them in jail and the other on probation, wouldn’t comment. Nevertheless, in a post-publication statement, Rosemond labeled the allegations contained in the article as "a libelous piece of garbage."

P Diddy also refused to be interviewed for the Times story.