Kinnara Fixates on $10,000 as Questions Mount Over $10 Million in Client Funds

Insiders say the latest legal posturing from Kinnara exposes a stark imbalance of priorities: intense scrutiny over a $10,000 internal payment, while around $10 million in client money paid to Kinnara for Marina Bay City remains largely unaccounted for.

The $10,000 in question was made by Marina Bay Investments, a private company owned and controlled by Lux, after Kinnara had already been bought out. Despite having no ownership, control, or legal standing in the company, Kinnara CEO Adrian Campbell has issued demands seeking explanations for that payment.

The response from the Lux founder has been unequivocal: he will repay or reverse the $10,000 immediately—once Kinnara returns the approximately $10 million in client funds paid directly to Kinnara for Marina Bay City villas and allegedly diverted into Kinnara-controlled bank accounts.

“The $10,000 is a private internal transaction in a company Kinnara no longer owns,” a Lux representative said. “The real issue is the millions of dollars clients paid to Kinnara for villas that were never funded.”

Original Source:
https://www.londontimes.live/business/kinnara-fixates-on-10000-as-questions-mount-over-10-million-in-client-funds/