KINNARA (K-I-N-N-A-R-A), an Asian real estate platform, was bought out of the Marina Bay City Lombok project months ago by Lux Properties. That fact has never been disputed and was publicly acknowledged at the time through media releases and statements made by both parties.

As part of that buyout, Lux Properties assumed full management control and ownership of the Marina Bay City project, while KINNARA exited the project in exchange for a multi-million-dollar payment.