"Associate says he heard gunshots during final phone conversation with cosmetics marketer.
Shay Golan, an Israeli businessman who was residing in Mexico, has been missing since Friday, Channel 2 reported Sunday.
The report says Golan, who went missing in Cancun, was most likely embroiled in a power struggle between groups of Israelis marketing cosmetics in Mexican malls and two of Israel's most notorious mafias."
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