Michael Jackson Paid $15.3 M to Boy in '90s

June 16, 2004 -- It took a huge payout for Michael Jackson to settle the 1993 molestation allegations against him, according to a redacted version of the agreement obtained by Court TV.

Jackson agreed to set up a trust fund of $15,331,250 for the boy, Court TV reported, citing the document. The singer also agreed to pay $1.5 million to each of the boy's parents. In return, the family agreed not to pursue criminal charges against Jackson.

The document, which was secret for 10 years, could become part of the criminal case currently pending against Jackson if the 1993 accuser agrees to testify.

Jackson has always denied the 1993 allegations and said he reached a settlement with the boy's family because he did not want a drawn-out legal battle.

Court TV reported that Jackson "specifically disclaims any liability to, and denies any wrongful acts," according to the 31-page document he signed on Jan. 25, 1994.

In the current case, Jackson faces trial on charges he molested a 12-year-old California boy.