xcrun: Error: failed to exec real xcrun. (No such file or directory)

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I've upgraded OSX Lion to Mountain Lion and reinstalled the Command Line Tools (as the upgrade deleted them). From then xcrun does not work anymore. The xcode-select is set to /usr/bin, the binaries are in that directory too, but if I run xcrun with an argument (ex. xcrun gcc) it displays this:

xcrun: Error: failed to exec real xcrun. (No such file or directory)

I've tried setting the path again with xcode-select and reinstalled the CLT. Nothing helped.

Any suggestions how to fix this?

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