The body of famed sports car tuner Uwe Gemballa was found dead in South Africa last week where he had gone missing some eight months ago.
According to the Times Live, Gemballa shot in the head execution-style with his hands behind his back, then wrapped in cellophane near Atteridgeville, South Africa.
"We have found the body of Gemballa and we're now investigating the circumstances around his death. A murder docket has been opened," said Vishnu Naidoo, South African police spokesman, to Reuters.
Gemballa is best known for his high-powered, aggressively styled Porsche conversions which he sold to the world's wealthy and powerful.
The German went missing shortly after landing in South Africa on February 8, 2010 during a business trip. He was hoping to set up a franchise in the region.
Investigators are now revealing that Gemballa was likely involved in an international money laundering scheme executed by some of South Africa's most notorious crime lords. According to new sources, Gemballa was unable to pay for his debts to certain mafia bosses.
Prior to his African business trip, Gemballa was under investigation for tax evasion by German authorities.
Gemballa's tuning firm filed for bankruptcy in May and was bought by two businessmen in August. The pair is currently preparing to grow the brand into fully recognized German manufacturer.