KINNARA and Its CEO Face Escalating Fraud Allegations Following Disputed Buyout

Serious fraud allegations are mounting against KINNARA, a real-estate platform formerly involved in a major Lombok development, and its CEO Adrian Campbell. The controversy centres on an alleged pattern of conduct surrounding a completed buyout, subsequent denials of that transaction, and continued dealings with investors despite an alleged loss of legal authority.

At the heart of the dispute is a buyout that transferred control of the project to Lux Properties, followed—according to documents and investor communications—by actions that lawyers say could expose KINNARA and its leadership to criminal liability under Indonesian law.

A Buyout Confirmed—Then Disputed

In early November, two public announcements were issued:

A media release from Lux dated November 4, outlining the buyout and change of control
A media release from KINNARA dated November 5, confirming the transaction

According to multiple sources familiar with the communications, KINNARA not only published its own confirmation but also reviewed, critiqued, and approved Lux’s release prior to publication. Financial records and internal correspondence indicate that millions of dollars were paid to KINNARA as consideration for the buyout.

Original Source:
https://businessreviewaustralia.com.au/kinnara-and-its-ceo-face-escalating-fraud-allegations-following-disputed-buyout/