R. Kelly's Team Reported Stolen Recordings, May Be Related To 'I Admit It'

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R. Kelly's team called the police claiming that hundreds of his master recordings had been stolen...and now his camp believes this could be behind the unauthorized release of the new 'I Admit It' album.

According to the police report, obtained by TMZ, Kelly's master recordings were reported missing in February...stolen from a warehouse in Illinois.

Cops say a man named Keith Calbert called to report a theft, telling officers he's supervising Kelly's property stored in the warehouse. Calbert told police that several hundred tapes of Kelly were missing, and he valued them at millions of dollars.

That's interesting... the cops say Calbert told them that 2 roadies pulled the masters out of the warehouse 9 months ago and took them to California. Police say Calbert also told them he advised one of the roadies to bring the tapes back...but was told he had to pay $160,000 to get them back.

Police say Calbert showed them 10 empty shelves he said were completely full, and estimated between 300 and 500 missing records.

It's unclear why Kelly's team waited so long to report. Anyway, the cops say they investigated, but it came up with nothing, so the case was closed without an arrest.