Istanbul: Iranian British and Gem TV owner Saeed Karimian has been shot dead along with a Kuwaiti business partner in Istanbul, the media reported on Monday.

They were travelling in a car when a jeep blocked their path and two masked attackers opened fire at them in Maslak Square here on Saturday, the Hurriyet daily reported.

Karimian died at the spot and his partner M.M. succumbed to injuries in a hospital here.

Police have launched an investigation into the incident.

The jeep used in the attack was found burnt here.

Sariyer Mayor Sukru Genc said the murder was related to money.