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Liquidators’ discussions with representatives of Watson had not resulted in an outcome, the report said.
“Proceedings against Mr Watson have been drafted and are ready to be filed, after finalising a logistical matter regarding service of the relevant documents,” it said.
Liquidators’ expected to have proceedings filed within the coming weeks and would provide an update in the next reporting period.
Six months ago the former rich-lister was released from London s Pentonville Prison where he served four months for contempt of court after withholding information about his assets from philanthropist and former business partner Sir Owen Glenn.
Cullen Group’s liquidators say Cullen Investments is the shareholder of a number of group entities and has or had interests via loans, advances and shareholdings in numerous other entities. ....

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