Date set for Eric Watson's bankruptcy hearing

Date set for Eric Watson's bankruptcy hearing
Eric Watson. (Image: NZME)
Riley Kennedy
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...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024