The body of Shimon Pinto, 35, from Sderot, who went missing last week, was found Tuesday night along Route 6. The body was found after Pinto's former business partner, a retired IDF officer, admitted to having killed him.
According to police, the relationship between the two had soured following a business dispute.
The suspect, 40, led police to the site where he buried the body, underneath Route 6, near Shoham.
The suspect, who is licensed to carry a firearm, claimed that he shot Pinto in self defense.
He is set to be remanded in custody on Thursday.