BMW Group India taking legal action, Stefan Schlipf out on bail
Dealer Council of BMW Group India has objected to Managing Director, BMW Financial Services India, Dr. Stefan Schlipf’s arrest. He is closely associated with BMW India Dealers since his appointment in his current position since 14 April 2013, and has now has been released on bail.
Stefan Schlipf’s arrest by Hyderabad Police is in connection with a lawsuit filed by an exâ€“dealer from Hyderabad. BMW’s Indian Dealer Council views the development as unjustifiable as he wasn’t present in India during the said period (2007 to 2009).
Dealer council of BMW India stands united on this issue and is agreeable on this matter. As the matter stands, Delta Cars Private Limited, a BMW dealer in Hyderabad from June 2007 – December 2009 saw its dealership agreement expire on 31 December 2009. In 2010, Delta Cars filed lawsuits against BMW India Private Limited. During 2007 to 2009, Dr. Schlipf was employed in BMW Bank GmbH and based in Munich. Not only was he not in India, until yesterday, he had never been accused in the lawsuit.
After his arrest by Hyderabad Police, he has been released on bail. BMW Group India has raised a strong objection with the authorities as the company considers this development as completely unacceptable. BMW is taking necessary legal action.