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KINNARA Investors Demand Answers as CEO Denies Buyout While Keeping Millions

KINNARA Investors Demand Answers as CEO Denies Buyout While Keeping Millions

Frustration is growing rapidly among KINNARA (K-I-N-N-A-R-A) investors as CEO Adrian Campbell publicly denies the existence of a buyout of the Marina Bay City Lombok project—despite what investors say is overwhelming documentary and digital evidence that the buyout did, in fact, occur.

Investors are now asking a simple and unavoidable question:

If there was no buyout, why has KINNARA kept the buyout money?

The contradiction, they say, is impossible to ignore.

Official Records That Cannot Be Erased

Formal press releases dated November 4 and November 5, 2025, still publicly visible on the MarinaBay.City website, clearly stated that:

  • Control of the Marina Bay City project had been handed over to new management

  • A buyout had taken place

  • Lux Property Group had assumed full operational control

These were not informal comments or third-party claims. They were official media releases issued during a period when KINNARA itself acknowledged that the transaction had been completed.

Digital Evidence Confirms Acceptance of Funds

In addition to public announcements, WhatsApp communications published on the MarinaBay.City rebuttal page reportedly show:

  • Receipt of substantial buyout funds

  • Acceptance of those funds by KINNARA-controlled entities

  • Explicit recognition that the transaction was a buyout

For months following the transaction, KINNARA acted entirely in line with having exited the project.

Only later—after retaining millions of dollars—did its CEO begin publicly claiming that no buyout had occurred.

An Impossible Position

This reversal has triggered anger and disbelief among investors, many of whom now say the situation is legally and commercially untenable.

Because only one of two outcomes can logically exist:

Option 1: The Buyout Did Occur

If the buyout occurred, then:

  • KINNARA must immediately release all client construction funds

  • Funds must be transferred to Marina Bay Investments

  • Villa construction should proceed without further delay

Option 2: The Buyout Did Not Occur

If the buyout did not occur, then:

  • KINNARA must immediately return every dollar received on the basis of a buyout

There is no third option.

Keeping buyout money while denying the buyout itself is not a misunderstanding—it is a direct contradiction.

Investor Calls Grow Louder

Investors are increasingly unified in their demands:

  • Return the buyout money, or

  • Hand over the construction funds and step away from the project

Until one of those actions occurs, investors say Marina Bay City cannot move forward.

Every day of inaction:

  • Erodes investor confidence

  • Increases legal exposure

  • Deepens reputational damage

Conclusion: This Is About Law, Not Narrative

This is no longer a debate about:

  • Opinions

  • Media narratives

  • PR positioning

It is about:

  • Money

  • Documentation

  • Basic commercial law

You cannot deny a buyout and keep the buyout money.

Original Source:
KINNARA Investors Demand Answers as CEO Denies Buyout While Keeping Millions – Business Review Asia