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A former friend of the businessman told the Telegraph he recognised as Mr Schorr the man posing with the body of the huge elephant in a photo that was circulated widely online after this paper revealed the animal had been killed as a trophy on a private shoot costing thousands of pounds.

The man, who ended his eight-year friendship with the CEO more than a year ago over a business disagreement, said he was told a few weeks ago by a mutual friend of his and Mr Schorr’s that the businessman was on a hunting trip in Zimbabwe.

Rainer Schorr on a hunt

But after seeing the photo and believing his former friend had killed a huge animal, the man’s partner contacted PETA and identified the hunter as the founder and CEO of private equity and asset management company Rainer Schorr Beteiligungsgesellschaft (RSB) in Berlin.

“I was a little bit surprised because after that lion in summer … We are no longer in the times when you can do something like that. Why should we hunt these animals today?” said the man, who asked not to be named.

“Those big elephants, that’s not really the challenge. I don’t know why you do that nowadays.”

The former friend said hunting was Mr Schorr’s “big passion”, and that the entrepreneur partly owned a farm of around 12,000-13,000 acres in Namibia where he would indulge in this pursuit.

The man said of the elephant: “I never saw one like that before – you see small tuskers, but a big tusker, I always wanted to see one.

A hunter with the tusks taken from an elephant killed in a hunt organised by SSG Safaris close to Zimbabwe’s Gonarezhou National Park

“Such a big tusk elephant, he should be kept, even if he’s 50 years old, he still can make some babies and pass on the genes.”

He added: “On the other side, you have to be realistic, when that guy pays for a hunt, which is legal in Zimbabwe, you do nothing wrong according to national laws.”

The weigh-in: One of the elephant’s tusks is placed on a scale

Cecil, a black-maned lion beloved by tourists, was shot by American dentist Walter Palmer in Hwange National Park using a bow and arrow in July, triggering international anger.

It was claimed that Mr Schorr was accompanied by a local, experienced professional hunter esteemed by the hunting community for finding his clients large elephants.

The huge animal, whose exceptional size was illustrated by his tusks, each weighing in at around 110lb each, was shot on October 7 in a private hunting concession in Malipati safari area.

The businessman, described as a father-of-one, is reported to have travelled to Zimbabwe to conduct a 21-day game hunt including species among the Big Five of elephants, leopards, lions, buffalo and rhinoceros.

Rainer Schorr

PETA in Germany had offered a reward to anyone who could name the hunter

Although the hunt was legal, with the kill celebrated in hunting forums around the world where it was suggested he might have been the biggest elephant killed in Africa for almost 30 years, the case has reignited debate over hunting animals as trophies.

Conservationists and photographic safari operators in the area were in uproar, saying the animal, thought to be between 40 and 60 years’ old, was exceptional and should have been preserved for all to see.

When approached by the Telegraph, Mr Schorr said: “I don’t know what you are talking about. You have the wrong person.” He claimed he was at a trade fair from October 5-8 in Munich, southern Germany, at the time the hunt took place.

Although Mr Schorr did not specify which trade fair he claimed he attended, it is understood he meant the Expo Real investment and real estate trade fair which took place in the city from October 5-7.

However, Mr Schorr’s name does not appear in the published list of participants at the trade fair, and when contacted for the full list of participants who had not agreed to appear in the official public list, a spokeswoman for organisers Messe München said they could not disclose that information because of data protection.

Rainer Schorr

Rainer Schorr claimed he was at a trade fair at the time of the hunt

Mr Schorr was asked for a further comment, together with confirmation proving that he was at the trade fair, but he has not responded, and his office said that he was no longer contactable regarding this matter.

Harald Ullmann, vice president of PETA Germany, said: “The person responsible for this was so stupid, he thought he could quietly fell a massive elephant for kicks and get away with it, and then fled into hiding.”

In Zimbabwe hunting is legally permitted in certain areas and the Zimbabwe Parks and Wildlife Management Authority has said that Malipati safari area, where the elephant was shot, is being leased out to the Chiredzi Rural District council under “arrangements where communities benefit from revenue generated from wildlife based projects including hunting in the area”.

“Such hunts go a long way in assisting communities in the surrounding area,” said the Zimbabwe Parks and Wildlife Management Authority in a statement.

It added that the elephant population of the Gonarezhou-Malipati complex was estimated at 11,452 elephants according to a 2014 aerial survey, and that the Malipati safari area is allocated an annual sustainable quota and hunting permit.

Rainer Schorr

One of  Rainer Schorr’s many homes this one in Switzerland, 1752 Villars-sur-Glâne