Followup: Did Uwe Gemballa die because of a money laundering scheme?

Uwe Gemballa disappeared in February, 2010. His body wasn’t discovered until early October with telltale signs of the foulest play, during which time his eponymous tuning shop had closed and reopened with a new director. Police in South Africa and Germany have the task of piecing together what happened and, if possible, bringing someone to trial.

A report in the South African Mail & Guardian suggests that Gemballa was executed because of a dispute with Radovan Krejcir, a billionaire and Czech national wanted in his home country to face charges including murder, counterfeiting, abduction and tax evasion. According to the report, Krejcir was allegedly bringing money into South Africa in Gemballa cars, but one car arrived without its cargo.

At least one former associate of Krejcir, who fears for his life due to unrelated dealings with the Czech, told police that Krejcir planned to get rid of Gemballa. The purported reason for his visit was to open a Gemballa branch in the country in partnership with Jerome Safi, who claims to have been backed by Krejcir and a strip club owner named Lolly Jackson. Jackson, coincidentally, was shot and killed in May of this year by a man said to be a former employee of Krejcir.

It’s a story more than strange enough to be completely true. For the moment, however, all the police know for certain now is that Gemballa met a man at OR Tambo airport near Johannesberg, after which he was never seen alive again.

[Source: Mail & Guardian]

Followup: Did Uwe Gemballa die because of a money laundering scheme? originally appeared on Autoblog on Wed, 13 Oct 2010 16:01:00 EST. Please see our terms for use of feeds.

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BREAKING: Uwe Gemballa reportedly found murdered in South Africa

Filed under: Etc., Porsche

Uwe Gemballa

News is coming in that the body of Uwe Gemballa has been found in South Africa. Gemballa was the former CEO of the Porsche tuning company that bares his name. As we reported earlier this year, Mr. Gemballa went missing in February after arriving in South Africa for a business trip.

The details that poured in after the reported disappearance of Gemballa caused great speculation that shady business deals were afoot. He was reportedly having trouble paying its employees, his wife was given power of attorney and registered the company for bankruptcy and he had started a second company with his 79 year-old mother listed as the sole stockholder.

To further muddy the waters, it’s being reported that Uwe Gemballa was turning towards Czech fugitive and South African organized crime boss, Radovan Krejcir. A former business partner of Krejcirs by the name of Juan Meyer has provided the local police with a sworn statement, saying that the Porsche tuner and the mobster were working on a business arrangement. Gemballa was slow in getting money to Krejcir and it may be what cost him his life.

It’s a sad, speculative end for a once famed tuner of German sports cars. The Gemballa company has moved on since Uwe’s disappearance but these new stories can’t help it as remaining employees attempt to revive the company.
Thanks for the tips, Alexander and Nicolas!

[Source: Stern.de – translated from German into English]

BREAKING: Uwe Gemballa reportedly found murdered in South Africa originally appeared on Autoblog on Sun, 03 Oct 2010 01:01:00 EST. Please see our terms for use of feeds.

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