Date set for Eric Watson's bankruptcy hearing

Eric Watson. (Image: NZME)

Tue, 28 Nov 2023

A date has been set for ex-pat businessman Eric Watson’s bankruptcy case to be called.The liquidators of Watson’s Cullen Investments have been chasing him for roughly $57.4 million, plus interest, relating to loans he made to himself from the company. KPMG took control of Watson’s Cullen Investments in December 2019 after the Inland Revenue Department (IRD) won a tax judgment against it, ruling the group was liable to pay $51.4m. Cullen Investments was part of Watson’s Cullen Group – a &ldq...

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