[RHEV] "rhevm-reports-setup" fails with error as "Failed installation of JasperReports Server"

Issue

• rhevm-reports-setup fails with error as Failed installation of JasperReports Server

# rhevm-reports-setup
Welcome to ovirt-engine-reports setup utility
In order to proceed the installer must stop the ovirt-engine service
Would you like to stop the ovirt-engine service? (yes|no): yes
Stopping ovirt-engine...                              [ DONE ]
Please choose a password for the admin users (rhevm-admin and superuser):
Re-type password:
Editing XML files...                                  [ DONE ]
Setting DB connectivity...                            [ DONE ]
Deploying Server...                                   [ ERROR ]
Failed installation of JasperReports Server
Error encountered while installing ovirt-engine-reports,
please consult the log file: /var/log/ovirt-engine/ovirt-engine-reports-setup-2013_09_13_18_30_44.log