Liquidators give Eric Watson more time

Fri, 22 Jan 2021

The liquidators of Eric Watson’s Cullen Investments have cut the businessman some slack due to his recent incarceration but aren’t ruling out legal action as they work to recoup money for creditors.KPMG’s Vivian Fatupaito and Luke Norman were appointed liquidators of Cullen Investments and more than 20 other companies ahead of Christmas 2019.Creditors have so far claimed more than half a billion dollars, but the validity of these claims is yet to be assessed.In their latest report, dated Jan. 21, the liquidators say Watson per...

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