Eric Watson puts up a fight over bankruptcy

(Image: NZME)

Thu, 01 Feb 2024

Expat businessman Eric Watson appears to be trying to put up a fight over his bankruptcy.The liquidators of his Cullen Investments had been chasing him for roughly $57.4 million, plus interest, relating to loans he made to himself from the company.KPMG took control of the entities just over four years ago 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 “complex” structure of entities spanning NZ and...

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