Eric Watson served in bankruptcy proceeding

Eric Watson left New Zealand nearly 20 years ago. (Image: Getty)

Wed, 25 Oct 2023

Those chasing Eric Watson for the nearly $60 million he owes have again had to try to serve the expat businessman.The liquidators of Watson’s Cullen Investments have been chasing him for roughly $57.4m, plus interest, which related 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 &ldquo...

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