Cullen liquidators seek to bankrupt Eric Watson

Eric Watson seemed to be on top of the world in the late 1990s. (Image: Getty)

Tue, 18 Jul 2023

Former high-flyer Eric Watson faces bankruptcy proceedings from the liquidators of his collapsed Cullen Group empire over $57.4 million he borrowed from the companies. The Cullen Group liquidators, Leon Bowker and Luke Norman of KPMG, said in their latest report that they’d instructed solicitors to start bankruptcy proceedings after the high court ordered Watson to pay $59.9m to cover the outstanding balance. After the summary judgment in February, Watson told BusinessDesk the claim would be paid in full once he was served...

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