Eric Watson is attempting to keep himself out of prison after a United Kingdom court sentenced the New Zealand businessman to four months behind bars. A London judge earlier this month found Watson in contempt of court for withholding information about his assets from Kiwi philanthropist Sir Owen Glenn. After a lengthy trial, Watson was declared liable in 2018 for £43.5m ($85m) and interest compounding at 6.5 per cent per annum in compensation to Glenn's company Kea Investments (Kea). Kiwi businessman Eric Watson is attempting to stay out of prison after being found in contempt of court. It sought three orders of contempt against Watson over suspicions about interests, including those held by his mother Joan Pollock and the Swedish house.

Source: New Zealand Herald October 20, 2020 06:56 UTC