Further Warnings Issued Over KINNARA as Investors Allegedly Fleeced for Millions After Marina Bay City Buyout
Fresh warnings are being issued to investors regarding KINNARA, the Asian real-estate platform that was bought out of the Marina Bay City project in Lombok, Indonesia, in October 2025, yet is allegedly continuing to mislead the public into believing it remains involved in the development.
Despite receiving a multi-million-dollar buyout, KINNARA has refused to hand over key digital assets, including the official website marinabaycity.com, and has continued to pass itself off as having authority over Marina Bay City—a project it no longer owns, controls, or has any legal right to market or sell.
Selling Land It Does Not Own
Independent investigations have now exposed that KINNARA has allegedly been selling beachfront land and property interests within Marina Bay City that it does not own.
These sales are occurring despite the fact that ownership, development rights, and construction authority now sit entirely with the new owners, Lux Property, who acquired KINNARA’s interest through a negotiated buyout.
Authorities in both Australia and Indonesia have been informed, with regulatory and enforcement actions now reportedly underway.