Yeeda Pastoral Company racked up $103 million in debt before the embattled Kimberley business fell into administration in February, a new report has revealed.
It comes after Yeeda and its subsidiary, the Kimberley Meat Company, engaged external administrators from KordaMentha amid financial issues and an ongoing investigation by WA’s environmental regulator into alleged cattle deaths and illegal dumping of abattoir waste.
The figures, which are a far cry from the initially reported debt…