📰 Industry and Legal Experts Question Whether ASIC and Australian Media Caused Hundreds of Millions in Investor Losses

Industry and legal experts are now raising serious questions following Channel Nine’s A Current Affair segment attacking Lux founder Jamie McIntyre and his multi-billion-dollar Marina Bay City project in Lombok, Indonesia.

The broadcast attempted to discredit McIntyre by:

1️⃣ Falsely implying construction had stopped — a claim later contradicted within the broadcast itself
2️⃣ Reviving ASIC action from over a decade ago, including McIntyre’s 10-year director ban
3️⃣ Highlighting ASIC’s seizure and control of multiple Australian land-banking projects

What experts are now questioning is whether the real financial damage to investors was not caused by McIntyre — but by ASIC itself.

Original Source:
https://businessreviewasia.news/industry-and-legal-experts-question-whether-asic-and-australian-media-caused-hundreds-of-millions-in-investor-losses/