UPDATE 2/2/15 6:30: Suge Knight has officially been charged with premeditated murder in the death of his friend. TMZ is reporting that a videotape will be a key piece of evidence in the case and that his official charges include attempted premeditated murder, hit and run resulting in death, and hit and run resulting in injury.

UPDATE 2/2/15: Suge Knight is now being held without bail because of his criminal past, according to TMZ. Along with his criminal past, Knight's bail was also revoked due to the thought that he is a high flight risk.

UPDATE 1/30/15Suge Knight has been arrested on suspicion of murder following the fatal hit-and-run yesterday. TMZ is reporting that police have now formally charged Suge Knight and his bail is currently set at $2 million. Suge reportedly made the trip to the set to make amends with Dr. Dre, but he ended up getting into a shoving matches with Dre's security and left. Once Suge left the set, he was then contacted by Carter to meet up at a separate location, where Suge says he got jumped, according to TMZ. The fatal hit-and-run, which resulted in Carter's death, then took place at the second location, according to the report.

UPDATE: TMZ is reporting that the victim, a friend of Suge's named Terry Carter, has passed away. Sources say he was walking toward the passenger side of the vehicle and was struck when Suge fled the scene. An actor named Cle "Bone" Sloane was also hit but does not have life threatening injuries. Suge's lawyer is reportedly arranging for his client's surrender and it is unclear as of now if he will be charged with manslaughter or hit and run. The Sheriff's Dept. has issued a bulletin to all officers that Suge Knight is wanted for questioning for murder, according to TMZ.

Suge Knight arrived on a film set in Compton earlier and reportedly ran over a bystander after an altercation with a crew member. Witnesses tell TMZ that Game, Ice Cube, Dr. Dre and more were on set—possibly filming a commercial, as Instagram photos would suggest—when Knight rolled up and got into a fight with a crew member while he was behind the wheel.

Knight reportedly put his car in reverse and ran over a bystander on the scene. Witnesses claim the bystander was killed but cops have yet to confirm a suspect or death yet. We'll update with more details as they become available.