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Rebuttal to the Press Releases Published by Kinnara

⟹ Read All Media Articles

The One Question KINNARA Still Refuses to Answer: “Show Us the Money”
https://marinabay.city/the-one-question-kinnara-still-refuses-to-answer-show-us-the-money/
Date: 2026-01-12

The sad and desperate fall of Kinnara CEO, Adrian Campbell as his elaborate alledged fraud closes in on him
https://marinabay.city/the-sad-and-desperate-fall-of-kinnara-ceo-adrian-campbell-as-his-elaborate-alledged-fraud-closes-in-on-him/
Date: 2026-01-12

Seminyak: A Lived, Recognised Precinct — Not a Line on a Bureaucratic Map
https://marinabay.city/seminyak-a-lived-recognised-precinct-not-a-line-on-a-bureaucratic-map/
Date: 2026-01-10

LUX Insider: Debt-Free Balance Sheet Shielded Marina Bay City From Multi-Million Dollar Fallout
https://marinabay.city/lux-insider-debt-free-balance-sheet-shielded-marina-bay-city-from-multi-million-dollar-fallout/
Date: 2026-01-02

KINNARA, Adrian Campbell, and the Marina Bay City Buyout
https://marinabay.city/kinnara-adrian-campbell-and-the-marina-bay-city-buyout/
Date: 2026-01-02

Builder Confirms Marina Bay City Construction Has Not Stopped Since the Buyout
https://marinabay.city/builder-confirms-marina-bay-city-construction-has-not-stopped-since-the-buyout/
Date: 2026-01-02

Kinnara CEO’s Claims Grow Increasingly Bizarre as Construction Reality and Bank Records Loom
https://marinabay.city/kinnara-ceos-claims-grow-increasingly-bizarre-as-construction-reality-and-bank-records-loom/
Date: 2026-01-02

Gold Coast business and its directors fined over ‘calculated’ scam
https://marinabay.city/gold-coast-business-and-its-directors-fined-over-calculated-scam/
Date: 2026-01–01

Further Warnings Issued Over KINNARA as Investors Allegedly Fleeced for Millions After Marina Bay City Buyout
https://marinabay.city/further-warnings-issued-over-kinnara-as-investors-allegedly-fleeced-for-millions-after-marina-bay-city-buyout/
Date: 2026-01–01

Lux Property Projects: Debt-Free, Self-Funded, and Scaling Fast in Indonesia
https://marinabay.city/lux-property-projects-debt-free-self-funded-and-scaling-fast-in-indonesia/
Date: 2025-12-30

Why Lux Bought Out Kinnara from Marina Bay City, Lombok
https://marinabay.city/why-lux-bought-out-kinnara-from-marina-bay-city-lombok/
Date: 2025-12-30

Lux outlines support plan for affected Marina Bay City buyers after Kinnara payment diversions
https://marinabay.city/lux-outlines-support-plan-for-affected-marina-bay-city-buyers-after-kinnara-payment-diversions/
Date: 2025-12-30

KINNARA and Its CEO Face Escalating Fraud Allegations Following Disputed Buyout
https://marinabay.city/kinnara-and-its-ceo-face-escalating-fraud-allegations-following-disputed-buyout/
Date: 2025-12-30

Clock Ticking for Kinnara: Will CEO Adrian Campbell Return Investor Funds — or Run?
https://marinabay.city/clock-ticking-for-kinnara-will-ceo-adrian-campbell-return-investor-funds-or-run/
Date: 2025-12-30

Kinnara’s December 26 “Shareholders’ Meeting” Claim Exposed as Fiction Under Indonesian Law
https://marinabay.city/kinnaras-december-26-shareholders-meeting-claim-exposed-as-fiction-under-indonesian-law/
Date: 2025-12-30

LUX Property Files Action to Compel Share Transfer From Kinnara After Buyout of Marina Bay City
https://marinabay.city/lux-property-files-action-to-compel-share-transfer-from-kinnara-after-buyout-of-marina-bay-city/
Date: 2025-12-30

Lux Management Rebuttal: Adrian Campbell Was Bought Out — Claims of 50% Ownership Are False and Self-Incriminating
https://marinabay.city/lux-management-rebuttal-adrian-campbell-was-bought-out-claims-of-50-ownership-are-false-and-self-incriminating/
Date: 2025-12-30

URGENT INVESTOR ALERT: Calls to Stop Kinnara CEO Doing the Runner as Over $10 Million in Marina Bay City Client Funds Exposed
https://marinabay.city/urgent-investor-alert-calls-to-stop-kinnara-ceo-doing-the-runner-as-over-10-million-in-marina-bay-city-client-funds-exposed/
Date: 2025-12-29

While Others Celebrate Christmas, Kinnara’s CEO Escalates a Bitter Campaign Against Lux Property
https://marinabay.city/while-others-celebrate-christmas-kinnaras-ceo-escalates-a-bitter-campaign-against-lux-property/
Date: 2025-12-26

Kinnara Fixates on $10,000 as Questions Mount Over $10 Million in Client Funds
https://marinabay.city/kinnara-fixates-on-10000-as-questions-mount-over-10-million-in-client-funds/
Date: 2025-12-24

Kinnara CEO Accused of Desperate Intimidation Campaign as Police Investigations Close In
https://marinabay.city/kinnara-ceo-accused-of-desperate-intimidation-campaign-as-police-investigations-close-in/
Date: 2025-12-23

Kinnara CEO Now Under Investigation After Attempt to Have Lux Founder Arrested Backfired Spectacularly
https://marinabay.city/kinnara-ceo-now-under-investigation-after-attempt-to-have-lux-founder-arrested-backfired-spectacularly/
Date: 2025-12-22

KINNARA, MARINA BAY CITY LOMBOK, AND A BUYOUT DENIED: DOCUMENTS, SCREENSHOTS, AND A DISPUTED REWRITE OF HISTORY
Date: 2025-12-20

KINNARA CEO CAUGHT LYING TO INVESTORS OVER MARINA BAY CITY BUYOUT
Date: 2025-12-20

KINNARA BUYOUT DENIAL: EVIDENCE POINTS TO A DEAL DONE, DESPITE CEO ADRIAN CAMPBELL’S REVERSAL
Date: 2025-12-21

LITIGATION-FORWARD RESPONSE TO LETTER NO. 126/HLF/SOM/XII/2025 DATED
Date: 2025-12-21

 

PUBLIC STATEMENT – MARINA BAY CITY LOMBOK
Date: 2025-12-13

OFFICIAL STATEMENT FROM LUX PROPERTY GROUP
Date: 2025-12-14

MEDIA RELEASE – STATEMENT TO KINNARA (K-I-N-N-A-R-A) CLIENTS REGARDING MARINA BAY CITY VILLAS
Date: 2025-12-15

FREQUENTLY ASKED QUESTIONS: KINNARA (K-I-N-N-A-R-A) ALLEGATIONS ABOUT LUX BALI PROJECTS
Date: 2025-12-15

OFFICIAL RESPONSE TO ADRIAN CAMPBELL (KINNARA) – DECEMBER 19
Date: 2025-12-17

LUX FOUNDER JAMIE MCINTYRE: “IF YOU BELIEVE IN KINNARA, ASK THESE SIMPLE QUESTIONS FIRST”
Date: 2025-12-17

LETTER FOR KINNARA CLIENTS TO USE TO REQUEST DOCUMENTARY PROVE FROM KINNARA OF PAYMENTS MADE BY KINNARA TO LUX FOR YOUR VILLA/ APARTMENT TO BE CONSTRUCTED
Date: 2025-12-18

LUX PROPERTY: KINNARA CLIENTS URGED TO CONTACT LUX AS BUYOUT BREACHES CONTINUE
Date: 2025-12-18

KINNARA’S ASX AMBITIONS IN TATTERS AS CLIENTS DEMAND UP TO AU$6.5 MILLION IN REFUNDS
Date: 2025-12-18

 

 


Rebuttal to the Press Release Published by Kinnara
12 Dec, 2025

Issued on behalf of Lux Property – Controlling Owners of Marina Bay Investments

The latest press release published by Kinnara contains numerous factual inaccuracies and misleading claims. As the legitimate Controlling Owners of Marina Bay Investments (MBI), Lux Property provides the following clarification for all investors, stakeholders, and the general public.

⸻

  1. The Buyout Was Publicly Announced by BOTH Parties

Kinnara’s press release now claims they still own 50% of Marina Bay Investments and that no buyout has taken place.

This is demonstrably false.

Both LUX AND Kinnara

LUX Press Release:
https://marinabay.city/lux-projects-bali-acquires-100-stake-in-marina-bay-city-lombok/

Kinnara Press Release:
https://marinabay.city/kinnara-asia-finalises-strategic-sale-of-its-stake-in-marina-bay-investments-to-lux-property-developments/

publicly issued and approved separate official media releases confirming the buyout months ago.

These included:
• A Lux announcement confirming full acquisition of MBI – Click Here for Press Release
• A Kinnara-approved media release confirming their exit and acknowledging they had been bought out – Click Here for Press Release

This was not private or ambiguous — it was public, distributed, acknowledged, and uncontested.

For Kinnara to now deny the buyout directly contradicts:
• Their own public communications
• Their formal approval of the sale announcement
• Their acceptance of multi-million-dollar buyout funds

Their reversal is not credible.

⸻

2. Kinnara Accepted the Buyout Money — Then Refused to Transfer Shares

You cannot accept a buyout payment and then deny the buyout.

Kinnara:
• Negotiated the buyout
• Demanded millions of dollars
• Accepted the money
• Approved and issued public announcements confirming the sale
• Allowed the market and investors to operate under that understanding
• Then refused to sign the shareholder transfer documents
• And now claims they are still 50% owners

If Kinnara claims “no buyout occurred,” then:

Why did they accept the money?

If it wasn’t a buyout, will Kinnara immediately return those funds?

No legitimate business accepts millions for a sale and then later “changes its mind.”

 

Jamie McIntyre’s response to the press release published by Kinnara

Part 1

Part 2

3. Kinnara’s Reversal Admits the Very Fraud They Accuse Others Of

By now claiming they still own 50% after taking the buyout funds, Kinnara is effectively acknowledging:
• The funds were taken without completing the sale
• The funds were taken under false pretence

This is not an accusation — it is the logical conclusion of their own contradictory statements.

⸻

4. False Claims About Land Ownership

Kinnara’s claim that Lux “owns limited land” in the development is false.

In a recent recorded Zoom call, Kinnara CEO Adrian Campbell was exposed promoting and selling beachfront land that:
• Kinnara does not own
• Has never paid a deposit on
• Has no legal right to sell
• Is not under their control

Attempting to sell land without ownership is a very serious issue and misleads clients.

⸻

5. Kinnara Is Withholding Digital Assets Promised in the Buyout

As part of the buyout, Kinnara agreed multiple times to hand over:
• Digital assets
• Client portals
• Communication channels
• The Invest in Lombok Property | www.marinabaycity.com

Despite confirming these commitments repeatedly, Kinnara is still refusing to hand them over while simultaneously using those same assets to publish misleading information.

This directly contradicts the agreed terms and harms investor confidence.

⸻

6. Kinnara’s Contradictions Raise Serious Questions

Kinnara must explain how all of this can be true:
• They negotiated a buyout
• They accepted millions of dollars
• They approved a media release confirming the sale
• They allowed Lux to announce 100% ownership
• They operated under this understanding for months

Yet they now claim:

“We were not bought out. We are still 50% shareholders.”

This narrative is incompatible with their own actions, approvals, signatures, and acceptance of payment.

⸻

7. Lux Property Reaffirms Controlling Ownership and Operational Control

Lux Property remains:
• The controlling owner of Marina Bay Investments
• The entity in full managerial, operational, and financial control
• The party continuing to fund, develop, and construct Marina Bay City

Lux will continue to protect investors and ensure the project’s successful delivery despite attempts to create confusion.


PUBLIC STATEMENT – MARINA BAY CITY LOMBOK
17 Dec, 2025

 

FOR IMMEDIATE RELEASE

Marina Bay City Lombok and its owner and authorised developer, Lux, issue the following statement to correct material inaccuracies and misleading claims contained in recent communications circulated by Kinnara / Kinnara Asia to purchasers and the public.
⸻
Kinnara Has Been Bought Out of the Entire Marina Bay City Project
Kinnara has been bought out of the entire Marina Bay City project, including Marina Bay Investments and all related development entities.
This buyout:
•Was formally agreed
•Was publicly announced
•Was confirmed in press releases issued by both parties on 4 and 5 November
•Included a press release issued on Kinnara letterhead confirming the buyout
Kinnara subsequently received millions of dollars in buyout payments.
Any assertion now being made that Kinnara “has not been bought out” is demonstrably false and directly contradicts Kinnara’s own published statements and subsequent conduct.
⸻
Kinnara Has No Governance Role, Authority, or Standing
Kinnara:
•Does not act in any governance, oversight, compliance, or management capacity
•Has no authority to speak on behalf of Marina Bay City
•Is not an authorised developer or sales agent
•Has no involvement in the master plan
Lux is the Controlling Owners and sole authorised developer and manager of Marina Bay City.
⸻
Clarification on Development Pauses
Recent claims suggesting development delays under Lux management are false and misleading.
The only pause of development on any land occurred under the previous management controlled by Kinnara, after actions taken by that management resulted in concerns being raised by the Lombok Ministry. As a result, Kinnara-managed works on the Resort Side were requested to pause.
Following the transition to new management under Lux, the situation was promptly resolved.
Under Lux management:
•Permission was granted to commence construction of the Beachside Estate
•Lux received clear assurances from local government authorities that approvals for all remaining planned estates owned by Lux entities would be fast-tracked
•Kinnara holds no ownership interest whatsoever in these estates
⸻
Attempts to Disrupt Construction
It has also been brought to our attention that, following its buyout, Kinnara attempted to interfere with active construction works.
This included allegations that Kinnara representatives:
•Approached Lux subcontractors
•Offered financial inducements to cease works on the Beachside Estate
•Sought to disrupt lawful construction activities
While these attempts were ultimately unsuccessful in stopping progress, such conduct — if proven — is entirely unacceptable and inconsistent with any claim of acting in good faith or in the interests of purchasers.
⸻
Extortion, Threats, and Breakdown of Relationship
Lux has also retained evidence of extortionate and coercive communications, including threats and attempts to apply improper pressure following the buyout.
This behaviour was a key factor in Lux’s decision to terminate any joint venture relationship with Kinnara entirely.
These actions only served to reinforce the correctness of that decision.
⸻
Buyout Funds Were Accepted and Spent
Kinnara has received millions of dollars under the buyout.
If Kinnara now claims it was not bought out, a simple question follows:
Will those funds be returned?
The answer is no. Those funds have already been spent, including attempts to acquire land within the Marina Bay City footprint for competing projects, despite Kinnara having been bought out.
⸻
Serious Concerns Regarding Purchaser Funds
Kinnara has publicly stated that it does not hold purchaser funds.
This statement is false.
Kinnara has banked in excess of AUD $5.5 million in purchaser funds that we are aware of, with the possibility of additional undisclosed amounts.
Lux’s position is unequivocal:
Only villas that have been paid for to Lux or its authorised development entities will be built.
Purchasers who contracted through Kinnara should urgently request documentary proof that their funds were transferred to the authorised developer.
⸻
Attempted Land Poaching and Misrepresentation
Following the buyout, Kinnara:
•Attempted to interfere with existing Marina Bay City land contracts
•Delayed payments owed in an apparent effort to pressure landowners
•Was exposed selling beachfront land via online presentations that it did not own and still does not own
Kinnara is not involved in the Marina Bay City master plan and has no right to sell within it.
⸻
Refusal to Complete Share Transfers
Despite accepting millions of dollars under the buyout, Kinnara has refused to execute required share transfer documentation.
This refusal raises serious legal and regulatory concerns, which are currently being addressed through appropriate legal and regulatory channels.
⸻
Digital Assets Being Misused
As part of the buyout, Kinnara was required to transfer all project digital assets, including marinabaycity.com.
Instead, Kinnara has continued to use these assets to:
•Publish misleading information
•Confuse purchasers
•Attempt to divert clients into unrelated projects
A final seven-day notice has been issued demanding immediate transfer of all digital assets.
⸻
Public Record Background Information
It has also been noted that the CEO of Kinnara has been the subject of historical adverse findings and media reporting in Australia.
According to publicly available reports from outlets including The Border Mail, The Brisbane Times, and The Canberra Times, and actions by the Queensland Department of Fair Trading, these reports have previously alleged conduct including:
•Leaving Australia while on bail
•Forgery-related offences
•Theft of telecommunications infrastructure
•Sale of licences without ownership or rights
•Sale of solar systems to consumers that were allegedly never delivered
These matters are public record, and readers are encouraged to consult the original sources directly.
⸻
Message to Purchasers
•Lux clients are protected. Lux has a proven delivery record and builds what it is paid to build.
•Kinnara clients should urgently seek proof of where their funds were sent and whether those funds ever reached the authorised developer.
Transparency requires documents — not assurances.
⸻
Lux remains committed to delivery, compliance, and purchaser protection.
Any party claiming authority over Marina Bay City without ownership or mandate should be treated with extreme caution.
Official Statement from LUX Property Group
 
Marina Bay City, Lombok – Client & Investor Update
 
LUX Property Group, the controlling owner of Marina Bay Investments and the Marina Bay City Project, issues the following statement to clients, investors, and the wider marketplace.
 
A Message of Apology
 
On behalf of LUX Property Group, and personally as the founder, I wish to deeply apologise to all clients and investors connected to Marina Bay City for the disruption, confusion, and concern caused during the early stages of the project.
 

While LUX has always acted in good faith, our decision to enter into an early-stage venture arrangement with a third party ultimately created unnecessary complications for our clients. We take full responsibility for that and sincerely regret it.

Background
 
In the early phase of Marina Bay City, LUX agreed to work with a company known as Kinnara (K-I-N-N-A-R-A), an Asian real estate marketing platform. The initial arrangement involved LUX building a resort and villas on Kinnara’s behalf, with both parties operating independently.
 
Later, Kinnara proposed that it could deliver up to six times as many clients as LUX could attract independently and suggested a much larger joint venture. LUX agreed to this trial arrangement in good faith.
 
Findings and Termination
 
Subsequent audits and internal reviews revealed that the promised client growth did not materialise. Instead:
•Clients were being poached by Kinnara.
•Funds in the joint venture were withheld.
•Kinnara refused to release money owed under the joint venture.
•Kinnara deliberately attempted to take over the entire project, creating a company called “Marina Bay Group” and claiming 100% ownership without authorisation.
•Kinnara attempted to trademark “Marina Bay Lombok” outside the joint venture.
•False claims of embezzlement and mismanagement were circulated.
 
As a result, LUX determined that continuing the partnership was impossible and ended the relationship.
 
Investigations into Kinnara and CEO Adrian Campbell
 
Our investigations revealed that Adrian Campbell, CEO of Kinnara, had previously been involved in multiple fraud-related matters in Australia:
1.Border Mail front-page report: Arrested for cheque forgery and stealing Telstra copper cables, then fled Australia while on bail to Bali.
2.Canberra Times & Brisbane Times reports: Caught selling licenses to a product he did not hold rights for.
3.Queensland Department of Fair Trading: Sold solar systems that were paid for but never delivered.
 
This demonstrated a consistent pattern of alleged fraudulent behavior. We acknowledge that more extensive due diligence should have revealed this prior to entering the venture. Investigators believe these matters were obscured through aggressive online reputation management and SEO techniques.
 
Extortion and Threats
 
Kinnara escalated matters by threatening that LUX’s founder would be jailed or banned from Indonesia if a multi-million-dollar buyout was not agreed. LUX agreed under duress to the buyout solely to remove Kinnara entirely from Marina Bay City and Marina Bay Investments.
 
Despite the signed buyout agreement and public media releases on November 4 and 5, Kinnara later:
•Denied the buyout while attempting to retain millions of dollars already received.
•Refused to sign over share transfers.
•Withheld digital assets, including the website and social media accounts.
•Misled clients by continuing to market itself as part of Marina Bay City.
•Redirected clients to other beachfront properties they were selling, collecting additional funds on land they do not own.
 
Kinnara also sent false communications to Marina Bay City and LUX clients in attempts to damage the company’s reputation and interfere with development permits.
 
Dodgy Builder and Legal Issues
 
Kinnara introduced a builder with a history of fraud, who was overpaid by more than AUD 1.2 million across three projects. LUX terminated this builder due to systematic overcharging and incomplete work. Legal proceedings are now ongoing.
 
Kinnara’s continued interference in these matters has further complicated project operations and posed risks to clients, investors, and regulatory compliance.
 
False Claims About Payments
 
Kinnara has falsely alleged that payments of AUD 10,000 to the LUX founder and director were improper. In reality:
•These payments were made post-buyout by a private company LUX controls.
•Kinnara is not a shareholder and has no entitlement to influence these payments.
•The claim is irrelevant and baseless, given the context of the buyout and shareholder rights.
 
Client Guidance and Warnings
 
No buyers or investors should make any payments to Kinnara or any company they control or claim is associated with Marina Bay.
 
Only payments made directly to LUX Property Group or its approved entities for the Marina Bay City Project are valid and will result in the construction of villas.
 
Any attempt to pay Kinnara or related entities could result in loss of funds and no delivery of the property purchased, as Kinnara has no legal right to sell Marina Bay City assets or represent the project.
 
LUX Position
 
LUX confirms:
•We are the controlling owner of Marina Bay Investments and the Marina Bay City Project.
•Kinnara holds no management, operational, or decision-making authority.
•LUX is only responsible for villas sold directly by LUX.
•Refunds owed to Kinnara clients must be addressed directly with Kinnara.
•LUX reserves all legal rights and is actively addressing breaches of the buyout agreement.
 
Regardless of ongoing attempts to undermine or sabotage the project, Kinnara has no management role and will either remain a minority shareholder or ultimately have zero ownership and influence.
 
Commitment to Clients
 
LUX remains fully committed to delivering Marina Bay City with integrity, transparency, and professionalism:
•All LUX clients will receive the villas and services promised.
•We will continue development under experienced, compliant, and independent management.
•We will enforce all legal rights to protect clients, investors, and the integrity of the project.
 
We sincerely regret that our clients were ever exposed to this situation. The project is moving forward under LUX’s sole operational control, and we thank all clients and partners for their patience, trust, and ongoing support.
 
LUX Property Group
Controlling Owners of Marina Bay Investments
Developers of Marina Bay City
Lombok, Indonesia

MEDIA RELEASE
 
For Immediate Release
 
Statement to Kinnara (K-I-N-N-A-R-A) Clients Regarding Marina Bay City Villas
 
Lombok / Bali, Indonesia – Lux Properties (“Lux”), the controlling owner and manager of the Marina Bay City development, issues the following statement to clients of Kinnara regarding the status of their villa purchases and the actions now required to protect their interests.
 
⸻
 
Confirmed Ownership and Control
 
As confirmed by media releases issued by both parties on November 4 and November 5, and publicly evidenced on the official Marina Bay City website (MarinaBay.city), Kinnara was bought out of Marina Bay City by Lux, which now holds:
•Controlling ownership of the land
•Full management authority over the Marina Bay City project
•Exclusive legal capacity to develop villas on that land
 
Kinnara no longer owns the land on which it sold villas and cannot legally build those villas independently or via any third-party developer.
 
⸻
 
Non-Payment of Developer Funds
 
Lux states that:
•Kinnara has collected millions of dollars from its clients for villas at Marina Bay City
•Those funds have not been paid to Lux, the landowner and developer
•As a result, villas cannot be constructed
 
Lux will only build villas for Kinnara clients once developer payments are received.
 
⸻
 
Alleged Hostile and Obstructive Conduct
 
Lux further alleges that, following its buyout:
•Kinnara has attempted to deny or repudiate the completed buyout, despite public confirmations
•Kinnara has engaged in a pattern of hostile conduct, including:
•Dissemination of defamatory communications to clients and third parties
•Interference with subcontractors and permits
•Continued use of Marina Bay City branding and digital assets without authorization
•Attempts to portray itself as still owning or controlling the project
 
Lux also alleges that Kinnara has sought to apply improper pressure through intermediaries, including conduct intended to intimidate or disrupt Lux, its management, and its staff. These matters are being documented and escalated through appropriate legal and regulatory channels.
 
Lux notes that since the termination of a builder introduced by Kinnara—now alleged to have engaged in fraudulent conduct—all Lux projects are progressing faster and more efficiently, and outstanding claims are being actively pursued.
 
⸻
 
What Kinnara Clients Should Do Now
 
Lux advises Kinnara clients to take the following immediate steps:
1.Demand Written Proof
Require Kinnara to provide verifiable proof that:
•Your villa funds have been paid in full to Lux, or
•Funds have been legally set aside for payment to Lux

2.If No Proof Exists, Demand a Full Refund
If Kinnara cannot prove payment to Lux, clients should demand:
•An immediate full refund, as Kinnara lacks the land and legal ability to deliver the villa

3.Understand the Legal Reality
•Kinnara cannot build the villas, regardless of any alternative developer claims
•Only Lux, as landowner and manager, can legally construct villas at Marina Bay City

4.Escalate Where Necessary
If refunds or proof of payment are not provided, clients should:
•Lodge complaints with financial, consumer, and corporate regulators
•Seek independent legal advice regarding misrepresentation and failure to deliver
 
⸻
 
Lux’s Position and Client Support
 
Lux reiterates:
•It does not hold Kinnara client funds
•It cannot build villas without payment
•It is willing, where possible, to:
•Assist clients in pursuing Kinnara for payment or refunds
•Cooperate with regulators investigating potential misconduct
•Facilitate solutions for affected buyers once funds are lawfully received
 
⸻
 
Conclusion
 
This matter is straightforward.
 
If Kinnara has taken client money, it must either pay Lux so the villas can be built or refund clients in full. Continuing to retain funds while lacking land ownership or development rights places Kinnara clients at serious financial risk.
 
Kinnara can still do the right thing by remedying its breaches of the buyout agreement, paying all monies owed to Lux, and ceasing any involvement whatsoever with the Marina Bay City project. Lux further calls on Kinnara to issue a formal apology for the disruption and distress caused.
 
Lux also calls on Kinnara to leave clients out of this dispute and to cease any attempts to interfere with, misappropriate, or reclaim a project from which it was lawfully bought out, including any conduct alleged to involve deception, misrepresentation, or improper pressure.
 
Marina Bay City will proceed solely under the ownership, management, and leadership of Lux, with a continued focus on lawful development, transparency, and delivery for genuine buyers.

Official Response to Adrian Campbell (Kinnara) – December 19
 
Marina Bay City Lombok & LUX Property Projects
 
Adrian Campbell of Kinnara has stated that Kinnara clients “should not be concerned where their money was banked” and should only focus on the delivery of their villas.
 
This statement is false, misleading, and dangerous.
 
⸻
 
1. Kinnara Clients Absolutely Must Be Concerned About Where Their Money Was Banked
 
Kinnara clients must know which legal entity received their funds, because this determines whether their money is protected and whether their villa can legally be built.
•LUX clients paid funds to LUX or LUX-controlled entities. These funds are protected and allocated to construction.
•Kinnara clients were directed to pay funds to Kinnara-controlled entities or to an entity falsely referred to as “Marina Bay Group”, which does not own the land.
 
Only LUX and its controlled entities own the land in question and have the legal right to construct villas.
 
If funds were not paid to LUX or a LUX-controlled entity, LUX cannot legally build those villas unless and until those funds are remitted.
 
This is not opinion. It is a matter of fact and law.
 
⸻
 
2. Kinnara Diverted Approximately AUD $5–6.5 Million Away From LUX
 
Kinnara directed approximately AUD $5–6.5 million in Kinnara client payments to themselves, not to LUX or any LUX-controlled entity.
 
At the same time:
•Kinnara agreed to and received a buyout (this is not disputed)
•Kinnara banked millions of dollars
•Kinnara then refused to sign the share transfer documents
 
You cannot lawfully:
1.Sign a buyout agreement
2.Receive and bank millions of dollars
3.Refuse to transfer shares
4.Continue claiming ownership or authority
 
Such conduct constitutes fraud under Indonesian law, Australian law, and virtually every legal system.
 
If Kinnara now claims it retains ownership after taking the buyout money, it is incriminating itself.
 
⸻
 
3. Absurd and Invented Claims About “Irregular Payments”
 
What is truly absurd is that Adrian Campbell is alleging “irregular payments” in a company he sold out of.
•It is none of his business.
Kinnara was bought out. Once a party sells its interest, it has no standing to question internal payments of a private company.
•The allegation is false and invented.
The payment referenced was lawful, immaterial, and made after the buyout. There was nothing irregular about it.
•The real irregularity lies with Kinnara.
While making these invented claims, Adrian Campbell banked approximately AUD $5–6.5 million in Kinnara client funds, diverted to Kinnara-controlled entities that have no legal right to act for, represent, or sell property in Marina Bay City.
 
⸻
 
4. Kinnara Has No Ownership or Authority in the Project
 
Kinnara was bought out.
 
The only reason Kinnara continues to claim any form of ownership is because it has failed to execute the share transfer documents after receiving the buyout funds.
 
Regardless:
•Kinnara is not a landowner
•Kinnara has no authority over Marina Bay City
•Kinnara has no right to market or sell property in the project
 
⸻
 
5. Kinnara Client Numbers Expose Kinnara’s Misrepresentations
 
Kinnara has approximately 30 Kinnara clients total in the Marina Bay City project — a small minority.
 
Of those Kinnara clients:
•Approximately two-thirds were originally LUX clients who were poached and resold through Kinnara
•Only around 10 Kinnara clients had no prior connection to LUX
 
All remaining clients in the project are direct LUX clients.
 
⸻
 
6. Kinnara Is Withholding Kinnara Client Funds Owed to LUX
 
LUX estimates that approximately AUD $600,000 in Kinnara client funds collected by Kinnara has not been remitted.
 
If Kinnara withholds these funds:
•LUX cannot build those Kinnara clients’ villas
•Responsibility lies entirely with Kinnara
 
⸻
 
7. Digital Assets Were Part of the Buyout — and Were Never Handed Over
 
As part of the buyout, Kinnara agreed to hand over all Marina Bay City–related digital assets.
 
Kinnara has failed to do so.
 
Accordingly, Kinnara:
•Has no authority to market Marina Bay City
•Has no right to contact LUX or Marina Bay City databases
•Is in ongoing breach of the buyout agreement
 
⸻
 
8. The Project Is Sound — The Issue Is Kinnara’s Conduct
 
There is no issue with:
•The Marina Bay City project
•Land ownership
•Development progress
 
The sole issue is Kinnara’s conduct.
 
⸻
 
9. Simple Test for Kinnara Clients
 
Any Kinnara client can verify the truth immediately:
1.Check the bank account you paid your funds to
2.Identify the legal entity name
3.Ask Kinnara for proof those funds were paid to LUX or a LUX-controlled entity
 
•Paid LUX / LUX-controlled entity → you are protected
•Paid Kinnara / Kinnara-controlled entity → demand:
•Proof of remittance to LUX, or
•A full refund
 
If Kinnara cannot prove payment, they cannot build your villa.
 
⸻
 
10. Final Position on Ownership and Authority
 
Kinnara:
•Was bought out
•Pocketed millions
•Failed to transfer shares
•Failed to hand over digital assets
•Is misleading Kinnara clients
•Has no land ownership, authority, or role in Marina Bay City
 
LUX welcomes any investigation and already holds extensive documentary evidence demonstrating Kinnara’s deceit.
 
⸻
 
11. Allegations of Corruption and Abuse of Indonesian Institutions
 
What is deeply concerning is Adrian Campbell’s apparent belief that Indonesian institutions can be manipulated through intermediaries, inducements, or false allegations to seize control of a company by deception and stealth.
 
This conduct is not only false — it is deeply disrespectful to Indonesia.
 
Indonesia is a sovereign nation governed by law.
The suggestion that a party can bribe its way into destroying and then stealing a major city-scale development project is offensive to the integrity of Indonesian institutions and to the people of Lombok.
 
Marina Bay City is intended to:
•Create long-term employment
•Attract international investment
•Deliver infrastructure
•Produce positive economic and social outcomes for Lombok and Indonesia
 
Attempts to undermine such a project through lies, intimidation, and corrupt tactics are unacceptable.
 
⸻
 
12. LUX Welcomes Scrutiny — Kinnara Avoids It
 
LUX does not fear scrutiny.
LUX welcomes it.
 
LUX already holds substantial documentary evidence demonstrating:
•False representations
•Diversion of Kinnara client funds
•Breaches of the buyout agreement
•Misleading statements to Kinnara clients
•False claims of ownership and authority
 
There is nothing to hide.
 
⸻
 
13. Public Invitation to Prove the Truth
 
The founder of LUX Property Projects, and the controlling owner of Marina Bay City, has made the following position clear:
 
If Adrian Campbell is confident in his claims, then let us have a public, live debate — with documents — so the public can see who is telling the truth and who is acting in deceit.
 
Every claim can be evidenced.
Every transaction can be traced.
 
Truth does not fear daylight.

Frequently Asked Questions: Kinnara (K-I-N-N-A-R-A) Allegations About Lux Bali Projects

Q: Kinnara has claimed that Lux Bali projects are sitting idle and haven’t been active for months. Is this true?
A: False. All Lux projects are currently active and moving rapidly toward a planned March/April 2026 completion.

• Hotel K: Between 20 and 32 workers are on site. The ground floor is planned to open in January 2026, the second floor in February 2026, and the third floor in March 2026. Work has accelerated since Lux terminated the builder introduced by Kinnara, who was found to be fraudulent. This builder had failed to pay local subcontractors and overcharged Lux by $1.2 million. Legal action is underway to recover these funds. Kinnara is reportedly funding the builder’s allegations in an attempt to sabotage Lux.

• Tabernan Wellness Retreat: Over a dozen workers are actively completing the retreat.

• Largest Site – Seminyak: Over 70 workers are building 85 villas and Resort K, with additional projects including a mini-hotel and more villas being completed monthly. Lux currently has approximately 150 construction workers on-site across all projects, with workforce expected to ramp up to 250–300 by late January 2026.

• Marina Bay City – Lombok, Indonesia: This is a separate project from Seminyak. Construction and development continue actively, with progress regularly shared with clients through weekly video updates. Site visits are available by appointment.
 
Lux maintains full transparency with clients.
 
The ongoing defamation campaign by Kinnara, who was bought out by Lux of Marina Bay City, is a hostile and malicious attempt to misrepresent the company. After being bought out and paid millions, Kinnara has allegedly tried to interfere with Marina Bay City and disrupt Lux operations through fabricated allegations and improper actions involving intermediaries and authorities.
 
Despite these attacks, Lux continues normal operations as a debt-free property company, with tens of millions of dollars in unencumbered assets.

Lux Founder Jamie McIntyre: “If You Believe in Kinnara, Ask These Simple Questions First”
 
Lux Projects founder Jamie McIntyre has issued a direct public challenge to anyone who believes Kinnara should be trusted to build villas or represent interests connected to Marina Bay City, Lombok.
 
McIntyre says this is no longer about opinions, personalities, or long monologues designed to overwhelm investors. Instead, it is about simple, factual questions that deserve clear, documented answers.
 
“If Kinnara believes its claims are true, these questions should be easy to answer—yes or no, with evidence,” McIntyre said.
 
⸻
 
1. Development Track Record
 
Kinnara, have you ever developed a property project anywhere in the world, including Indonesia—yes or no?
 
Not marketed.
Not introduced.
Actually developed.
 
⸻
 
2. Villa Construction History
 
Have you ever developed and completed even a single villa in your entire corporate history—yes or no?
 
⸻
 
3. Platform Conflict of Interest
 
Kinnara promotes itself as a real estate platform—effectively a smaller Asian equivalent of realestate.com.
•Isn’t it unethical for a platform that charges real estate agents and developers to advertise—on the assumption of neutrality—to then promote and sell its own properties?
•If realestate.com or domain.com.au sold their own property stock while taking advertising fees from agents, wouldn’t that be a blatant conflict of interest?
 
Why should Kinnara be held to a lower standard?
 
⸻
 
4. The “50% Shareholder” Claim vs Kinnara’s Own Press Release
 
Kinnara continues to publicly claim it still owns 50% of Marina Bay City and Marina Bay Investments.
 
So the obvious questions are:
•Why did Kinnara issue a public press release on 5 November—on Kinnara letterhead—stating that it had sold out of controlling power and interest to Lux?
•Why did Kinnara’s representative resign as Commissioner of the company if no buyout had occurred?
•If you sign a binding buyout agreement, issue a press release confirming it, resign your role, and accept millions of dollars, how can you later claim the buyout never happened?
 
McIntyre’s position is blunt:
 
“You don’t get paid for shares, keep the money, and then pretend you still own them.”
 
⸻
 
5. Share Transfers, Payment, and Indonesian Law
 
McIntyre further asks:
•Do you accept that once you are paid millions of dollars for a buyout, you are legally required to sign the share transfer documents you promised?
•Do you accept that accepting payment while refusing to transfer shares may constitute fraud under Indonesian law?
•How can you continue to publicly claim 50% ownership after pocketing money paid specifically for those shares?
 
⸻
 
6. Selling Property After Being Bought Out
 
McIntyre also raises concerns about recent conduct:
•Why was Kinnara selling beachfront property in Marina Bay City (Lots 19 and 20) on Zoom calls after being bought out of the project?
•How can you sell land you have not contracted, have not paid a deposit on, and do not own?
•How can you bank money from Australian clients for land you don’t own?
 
Under both Australian and Indonesian law, selling property you do not own or control may constitute fraud.
 
⸻
 
7. Digital Assets and Ongoing Deception
 
McIntyre asks:
•Why did Kinnara promise to hand over digital assets such as MarinaBayCity.com as part of the buyout—then fail to do so?
•Why continue using those assets to attract organic traffic and mislead the public into believing Kinnara is still part of Marina Bay City?
 
⸻
 
8. Clients, Contracts, and Misappropriation
 
Kinnara has claimed to have introduced a large number of clients to Marina Bay City.
 
Yet:
•Why does it now appear that only around 30 clients were contracted, and
•Why are many of those clients stating they originally heard about the project through Lux or Lux referral partners?
•Why were contracts issued through Kinnara when clients believed they were contracting directly with Lux?
 
McIntyre asks whether this amounts to theft of clients and misdirection of funds.
 
⸻
 
9. Bank Accounts and Where the Money Went
 
McIntyre says the truth is simple to verify:
•Where did clients’ money actually go?
•Was it paid to Lux or Marina Bay Investments, or
•Was it paid into companies fully owned and controlled by Kinnara, outside the joint venture?
 
If money intended for Marina Bay City was diverted elsewhere, McIntyre says that raises serious legal implications in both jurisdictions.
 
⸻
 
10. The “Shareholder Meeting” Claim
 
Kinnara has claimed it is calling a shareholder meeting on 26 January.
 
McIntyre asks:
•How does a minority shareholder that has been bought out call a shareholder meeting in a private Indonesian company?
•Under Indonesian law, isn’t a shareholder meeting only valid if called by the actual owners?
•Why announce a meeting publicly when Lux has already agreed to a meeting 90 days after Kinnara signs the share transfers it has been paid for?
 
⸻
 
Final Question: Will Kinnara Debate the Facts Live?
 
McIntyre ends with a challenge:
 
“If Kinnara believes its story is true, will it agree to a live, public, fact-checked debate with the CEO of Lux and the CEO of Kinnara, with an independent mediator?”
 
“No monologues. No asset theft. No spin. Just documents, law, and facts—so the public can decide.”

Letter for Kinnara Clients to use to request documentary prove from Kinnara of payments made by Kinnara to LUX for your villa/ apartment to be constructed

We purchased a property through KINNARA in the Marina Bay City, Lombok project.
 
We are writing to formally request confirmation that the funds paid by us for the construction of our villa have been remitted to Lux Projects, being the current owners of Marina Bay City and Marina Bay Investments, and the controlling managers responsible for construction and delivery of villas within the project.
 
As stated in KINNARA’s press release dated 5 November 2025, which is publicly referenced on the MarinaBay.city official website homepage, and also in the Lux Projects media release dated 4 November 2025 (approved by both parties, including KINNARA), it was represented that payments relating to client villas had been made to Lux.
 
To enable us to independently verify this and to avoid any unnecessary delay to the commencement or continuation of our villa construction, we respectfully request:
1.Documentary proof of payment made by KINNARA to Lux Projects in respect of our villa, including:
•Bank transfer confirmations or remittance advices
•Dates, amounts, and recipient account details
2.Confirmation of which specific client contracts and villas those payments relate to.
 
We require this information so that we may provide it directly to Lux Projects for confirmation that such funds have been received and allocated to our villa.
 
This request is made in good faith and solely to ensure transparency, protect our investment, and prevent avoidable delays caused by any uncertainty regarding payment status.

KINNARA’s ASX Ambitions in Tatters as Clients Demand Up to AU$6.5 Million in Refunds

KINNARA (K-I-N-N-A-R-A), the Asian real estate investment platform, is facing escalating backlash as investors demand refunds reportedly totalling between AU$5.5 million and AU$6.5 million, following the company’s buyout and exit from a major Indonesian development.
 
Investors allege that after exiting the project, KINNARA failed to comply with the conditions of its buyout and refused to pass client funds to the developer required to commence villa construction, despite having collected millions of dollars for that express purpose. According to affected clients, KINNARA retained the money rather than deploying it into development, leaving investors without progress, certainty, or accountability.
 
Buyout Based on Inflated Contracts
 
According to multiple investors, KINNARA’s buyout was calculated on the basis of inflated and speculative sales contracts, many of which never proceeded to settlement. Despite this, KINNARA is alleged to have pocketed millions of dollars in buyout proceeds, even though the underlying sales largely failed to eventuate.
 
Investors further allege that after securing its payout, KINNARA actively sought to undermine the project it exited, rather than assisting in the transition or protecting clients’ interests. They claim the company walked away with substantial funds for a project it did not deliver, development it did not fund, and contracts that ultimately collapsed.
 
Regulatory Red Flags and Listing Risk
 
Market observers say refund claims of this magnitude—combined with allegations of misuse of client funds and misleading sales figures—represent serious red flags for any proposed ASX or Sino-Australian stock exchange listing.
 
Corporate regulators are expected to examine:
•Whether client funds were properly segregated and used as disclosed
•The accuracy of sales figures used to justify the buyout
•Representations made to investors before and after KINNARA’s exit
 
Until these matters are resolved, analysts say KINNARA’s prospects of a public listing are increasingly remote.
 
CEO Under Growing Scrutiny
 
Regulatory scrutiny is also likely to focus on KINNARA’s CEO, Adrian Campbell, whose history has been documented in past Australian media reporting and public regulatory actions. Articles published by The Canberra Times and The Brisbane Times have previously reported on fraud-related charges, while the Queensland Department of Fair Trading has taken enforcement action resulting in substantial financial penalties.
 
These matters form part of the public record and are expected to be relevant to any assessment of KINNARA’s corporate governance, disclosure practices, and executive suitability.
 
Investor Pressure Intensifies
 
For investors, the issue is increasingly clear: millions were paid under contracts that failed to materialise, while KINNARA exited the project with a substantial payout.
 
Until refunds are issued, funds are independently audited, and full transparency is provided, KINNARA’s handling of investor money is likely to remain under intense scrutiny—placing its broader ambitions, including any ASX listing, firmly in doubt.

Kinnara Buyout Denial: Evidence Points to a Deal Done, Despite CEO Adrian Campbell’s Reversal

An escalating corporate dispute has erupted around Kinnara, an Asian real-estate platform headed by Adrian Campbell, following what appears to be a completed multi-million-dollar buyout of Kinnara’s interest in Marina Bay City by Lux Properties—a transaction now being publicly denied by Kinnara months after the fact.
 
A review of WhatsApp communications, draft agreements, payment summaries, and contemporaneous media releases paints a starkly different picture from Kinnara’s current narrative: one in which a buyout was agreed, announced, partially settled in cash, and operationally implemented—before being abruptly repudiated.
 
⸻
 
The Buyout: What the Evidence Shows
 
According to multiple message threads shared among senior representatives of both parties, Kinnara agreed to be bought out of Marina Bay City for AUD $5.5 million. The structure included:
• Confirmation of the first AUD $2 million paid, acknowledged in writing by Adrian Campbell (“we’ve broken the 2 million mark”).
• Further payments exceeding AUD $3 million, with Lux asserting that an additional AUD $1.2 million (or more) may exist off-book—raising the prospect that only a full independent audit can establish the true total.
• A clear understanding that once the first AUD $2 million was reached, Kinnara would:
• Execute share transfer documents, and
• Hand over future assets, including digital properties and brand control.
 
Internal messages repeatedly describe the deal as “done,” “settled,” and ready for DocuSign and notarisation.
 
⸻
 
The Digital Assets at the Centre of the Dispute
 
Among the most contentious obligations was the transfer of the MarinaBayCity.com website and associated digital assets.
 
WhatsApp messages show Adrian Campbell explicitly agreeing to:
•Transfer the domain back to Lux’s registry,
•Maintain hosting continuity, and
•Move Marina Bay City branding across as part of the transition.
 
Yet months after the buyout payments, Kinnara still controls MarinaBayCity.com and is actively using it to present itself as the controller of Marina Bay City—despite no longer holding development rights or ownership.
 
Lux alleges this conduct is misleading investors and buyers, effectively weaponising a retained digital asset to rewrite history and undermine the transaction.
 
⸻
 
From Media Releases to Denial
 
In early November:
•Lux issued a media release (Nov 4) announcing the buyout.
•Kinnara followed with its own release (Nov 5) on company letterhead confirming the transaction.
 
Evidence shows:
•Adrian Campbell reviewed, edited, and approved Lux’s release.
•Kinnara published and promoted its own confirmation.
•The release remains visible on MarinaBay.city, contradicting current denials.
 
Despite this, on a December 20 investor thread, Campbell publicly claimed:
 
“That’s a fabricated media release by Lux.”
 
This assertion directly conflicts with message records showing his personal approval, publication, and endorsement of those very statements.
 
⸻
 
Escalation: Police Reports and Shareholder Claims
 
Lux further alleges that:
•Kinnara threatened police action if Lux did not renegotiate terms—messages that Lux characterises as extortion and blackmail.
•Those threats were later acted upon, with a police complaint lodged against Lux’s founder over a minor post-buyout payment issue—despite Kinnara having no standing after the sale.
•Simultaneously, Kinnara has demanded a general shareholders’ meeting, claiming it remains a 50% shareholder, even though:
•It was contractually required to sign share transfers once the first AUD $2 million was paid, and
•It has refused to execute those transfers while retaining the buyout funds.
 
Lux contends that accepting buyout money while denying the buyout, withholding shares, and asserting control constitutes fraud by conduct, not merely a commercial disagreement.
 
⸻
 
Client Funds and the Call for an Independent Audit
 
Adding to the gravity of the dispute are allegations that Kinnara is:
•Sitting on over AUD $5 million in client funds, originally tied to Marina Bay City,
•Failing to remit those funds in line with the buyout and development arrangements, and
•Potentially hiding additional amounts off the books.
 
Lux has stated publicly that only an independent forensic audit can now resolve the discrepancies.
 
⸻
 
Why This Matters
 
At stake is not just a corporate spat, but:
•Investor protection,
•Integrity of Indonesia’s property development sector, and
•The enforceability of buyouts once funds are accepted and announced.
 
In many jurisdictions—including Indonesia—accepting consideration for a sale while denying the sale, withholding assets, and misleading third parties can amount to fraud.
 
⸻
 
Conclusion
 
The documentary trail—WhatsApp messages, payment acknowledgements, approved media releases, and draft agreements—suggests a buyout that was negotiated, confirmed, paid in substantial part, and publicly announced.
 
Kinnara’s subsequent denial, retention of assets like MarinaBayCity.com, refusal to sign share transfers, and escalation to police action raise serious questions that now extend beyond private dispute and into regulatory and legal territory.
 
As Lux Properties has stated, the facts are timestamped, written, and documented. Whether through courts, regulators, or independent audit, the dispute now appears destined for formal adjudication—where messages don’t disappear simply because a narrative changes.

Re: Litigation-Forward Response to Letter No. 126/HLF/SOM/XII/2025 dated
24th December 2025

Request for General Meeting of Shareholders (GMS) – Marina Bay City Project – Lombok, Indonesia

 

We refer to your letter No. 126/HLF/SOM/XII/2025 dated 19 December 2025, issued on behalf of Kinnara Limited, regarding the request for a General Meeting of Shareholders (“GMS”).

This letter constitutes a formal, litigation-ready response, protecting the Company’s rights and interests under Indonesian Law No. 40 of 2007 on Limited Liability Companies (“UUPT”), particularly Articles 52, 79, and 80, and established legal principles concerning abuse of rights.

1. Procedural Acknowledgement & Conditional Consent

The Company acknowledges receipt of your client’s GMS request. However, the right to request or participate in a GMS is conditional:

  1. Shareholder rights under UUPT arise only from legally registered share ownership (Article 52 UUPT);

  2. The Company may lawfully impose reasonable conditions to prevent abuse of rights, particularly by shareholders who are contractually exiting under a buyout agreement; and

  3. Any attempt to exercise shareholder rights while in continuing breach of contractual and fiduciary obligations constitutes unlawful obstruction and abuse of process.

  4. This response is issued in contemplation of proceedings before the South Jakarta District Court (or relevant jurisdiction).

2. Status of Kinnara Limited and Financial Position

Kinnara Limited has taken inconsistent positions regarding the status of the buyout agreement.

(a) If the buyout remains operative, then Kinnara Limited is in continuing breach by failing to remit outstanding funds and execute the corresponding share transfers;

(b) If, as your client now asserts, the buyout is no longer operative, then all client funds retained by Kinnara Limited are immediately repayable to PT Bali Real Estate Investments.

a. Your client is bound by a buyout agreement under which a AUD $$$$ settlement was reached to remove them from the Marina Bay City Lombok Project (MBC).

b. Your client, as an Agent for the sales retained by the project, is not the rightful party to have retained funds on behalf of the Marina Bay City project;

c. Despite this, they continue to withhold funds belonging to the MBC project that are contracted into between PT Bali Real Estate Investments (BREI) and the clients;

i. There are no contracts issued by Kinnara Limited, from Kinnara themselves to any clients;

ii. Each sale issued by Kinnara Limited therefore states clearly, PT Bali Real Estate Investments are the correct contract owner between the project and ‘Kinnara nominated clients’.

iii. To date, over an estimated AUD $10m / IDR 106.000.000.000 has been banked by KINNARA LIMITED

iv. Of these client deposited funds, only a small remitted client funds amount has been transferred to MBI/BREI by Kinnara Limited

v. Client funds are being retained by Kinnara Limited without any authority – and are required by BREI/MBI in order to ensure the construction of Client Villas, Land Acquisition and other associated costs.

3. Independent Audit Request

We request an independent audit of Kinnara Limited’s finances to confirm amounts received and corresponding shares due:

a. Kinnara Limited have failed to notify Lux Projects of the financial position held by Kinnara as Agents by their failure to remit client funds held by them on behalf of BREI;

b. It is our position that Kinnara Limited and Adrian James Campbell have acted in bad faith and in a manner giving rise to serious concerns of potential criminal liability;

c. The million dollar buyout figure is performance-based, and Kinnara Limited has had ample time to achieve it;

d. As of 15 December 2025, any unpaid client villas have been returned to the market and are available for resale;

e. Overdue held lots totaling approximately AUD $9,400,000 were held to inflate buyout negotiations;

f. Despite fulfillment of AUD million of BREI/MBI sales, Adrian Campbell has failed to execute required share transfers.

7. Conditions for Convening the GMS

Without prejudice to any rights or remedies, the Company agrees to convene a GMS subject to mandatory, non-negotiable conditions, including:

• Mandatory execution and registration of share transfers
• 90-day notice period after completion
• Dilution and pro-rata share transfers
• Court enforcement upon non-compliance

8. Reservation of All Rights

The Company expressly reserves all rights including court intervention, freezing orders, asset preservation, enforcement of the buyout agreement, and damages.

9. Consequences of Non-Compliance

Failure to comply will result in refusal to acknowledge any GMS request and immediate legal action.

10. Next Steps

Upon full execution of all share transfers and written confirmation, a formal GMS notice will be issued, with the meeting to occur 90 days thereafter.

Video Response by Lux Founder and the Owner Of Marina Bay City, Jamie McIntyre

Part 1

Part 2

Part 3

 

Marina Bay City Lombok – Frequently Asked Questions (FAQ)

Regarding the Buyout of Kinnara by Lux Property Projects

1. Is it true that Lux bought out Kinnara (K-I-N-N-A-R-A) in the Marina Bay City Lombok project?

Yes.

The buyout was publicly confirmed by both parties via official media releases:
• Lux Property Projects on November 4
• Kinnara on November 5

These releases remain publicly accessible on marinabay.city, the official website of the Marina Bay City project, and constitute clear public confirmation that a buyout occurred.

Lux cannot speak to Kinnara’s internal motivations. However, Lux believes Kinnara is attempting to rewrite history months after the buyout in order to justify continued marketing activity and promote unrelated projects.

This position is inconsistent with Kinnara’s own prior public statements and its contractual obligations.

These digital assets were required to be transferred to Lux under the buyout agreement.

Despite repeated assurances, Kinnara has failed to complete the transfer. Lux believes these assets are being retained improperly in order to:
• Market to Marina Bay City clients
• Attract new prospects
• Create confusion by implying ongoing involvement

Kinnara has no authority or involvement in Marina Bay City in any capacity.

Kinnara was paid millions for its shares, and its remaining performance buyout amount if not achieved by them will result in 100% payment of those shares in the near future. 

It no longer remains a 50% shareholder, regardless of whether it refuses to sign share transfer documents.

Accepting consideration for shares creates a legal obligation to complete the transfer. Refusal to execute transfers after receiving payment does not preserve ownership and does not entitle Kinnara to represent itself as a 50% shareholder.

It is business as usual for Lux.
• Lux has full, undisputed management control
• Kinnara’s CEO resigned as Commissioner as part of the buyout
• Kinnara has no control, authority, or decision-making power over Marina Bay City or Marina Bay Investments

Any residual interest Kinnara might attempt to claim would, in any event, be progressively diluted by Lux’s continued capital investment into the project and its operating entities.

No.

Kinnara has no rights to:
• Acquire land under negotiation by Marina Bay City
• Develop land within the protected Marina Bay City permit zone

Any attempt to do so would not receive permits, which are protected exclusively for Marina Bay City and not for unauthorized developers.

No.

Kinnara’s agency has been terminated. It has no authority whatsoever to sell, market, or represent Lux products or Marina Bay City villas.

Any such activity is unauthorized and misleading.

Kinnara has no authorization to:
• Use Marina Bay City branding
• Contact Lux’s client or investor database
• Represent itself as Marina Bay City or an associated entity

Lux considers this conduct to be another breach of the buyout agreement.

Lux further notes that certain emails contain false and misleading statements about Lux and its projects. Lux believes these communications are intended to deceive and mislead investors, discourage them from dealing with Lux, and redirect them toward Kinnara.

Lux reserves all rights in relation to these actions.

LUX says it is in a legal case with its previous terminated builder introduced by Kinnara, and pursuing it for $1.2 million AUD is fraudelent and systematic overcharging and inflated progress reports, for not paying sub contractors and for being past build deadlines and quality standards.

As it’s now shown Kinnara is funding this legal case for this builder one must question now are they in a business relationship and were involved on the fraud by the builder of $1.2 million AUD.

Lux believes these claims represent a desperate attempt to deceive investors. Kinnara has no involvement in, authority over, or visibility into Lux’s other projects, which are none of Kinnara’s business.

The fabrication and circulation of such claims may expose those responsible to legal action for defamation and compensation.

Lux clients have nothing to worry about.
• Lux clients are fully protected
• Development continues under Lux’s sole management
• Client contracts and investments remain secure

Some Kinnara clients may face issues, depending on their individual circumstances:
• Clients whose villa construction funds have been paid through to Lux will receive their villas
• Where Kinnara has failed to remit funds to Lux, those clients should:
• Demand immediate payment from Kinnara to Lux so construction can proceed, or
• Seek a refund directly from Kinnara

Lux cannot construct villas without receiving the required construction funds.

Ever since LUX terminated the fraudulent builder 3 months ago on 3 of our sites ( introduced to us by Kinnara for fraudelent over charging and falsifying progress reports, and failing to pay many workers ) , progress on all sites and quality of work has accelerated.
Remember you can visit any of our sites by booking an appointment.

We do tours daily for our investor clients.

See videos below of progress as of Dec 19 2026

 

LUX Press Release :
https://marinabay.city/lux-projects-bali-acquires-100-stake-in-marina-bay-city-lombok/

Kinnara Press Release:
https://marinabay.city/kinnara-asia-finalises-strategic-sale-of-its-stake-in-marina-bay-investments-to-lux-property-developments/

Marina Bay City Lombok: Why KINNARA’s Buyout Denial Is Bad News for KINNARA Clients — But Good for LUX Clients
https://marinabay.city/marina-bay-city-lombok-why-kinnaras-buyout-denial-is-bad-news-for-kinnara-clients-but-good-for-lux-clients/

KINNARA Faces Potential $5 Million Refund Exposure as It Denies Marina Bay City Buyout

https://marinabay.city/kinnara-faces-potential-5-million-refund-exposure-as-it-denies-marina-bay-city-buyout/

Jamie McIntyre Prepares Landmark $250 Million Lawsuit Against ASIC and Allied Media Outlets
https://marinabay.city/jamie-mcintyre-prepares-landmark-250-million-lawsuit-against-asic-and-allied-media-outlets/

Lux Property Projects Issues Final Warning to Investors Regarding KINARA and False Marina Bay City Claims
https://marinabay.city/lux-property-projects-issues-final-warning-to-investors-regarding-kinara-and-false-marina-bay-city-claims/

Marina Bay City Issues Trespass Warning and Investor Alert in Lombok, Indonesia
https://marinabay.city/marina-bay-city-issues-trespass-warning-and-investor-alert-in-lombok-indonesia/

Why Is Kinnara Denying a Buyout It Publicly Confirmed?
https://marinabay.city/why-is-kinnara-denying-a-buyout-it-publicly-confirmed/

New Evidence Emerges: WhatsApp Messages Show Kinnara CEO Approved and Edited Marina Bay City Buyout Press Releases He Now Denies
https://marinabay.city/new-evidence-emerges-whatsapp-messages-show-kinnara-ceo-approved-and-edited-marina-bay-city-buyout-press-releases-he-now-denies/

Kinnara and the Marina Bay City Buyout: WhatsApp Evidence Contradicts Public Denials
https://marinabay.city/kinnara-and-the-marina-bay-city-buyout-whatsapp-evidence-contradicts-public-denials/

Adrian Campbell’s Public Admission Raises New Questions Over Marina Bay City Disruptions
https://marinabay.city/adrian-campbells-public-admission-raises-new-questions-over-marina-bay-city-disruptions/

Kinnara CEO Now Under Investigation After Attempt to Have Lux Founder Arrested Backfired Spectacularly
https://marinabay.city/kinnara-ceo-now-under-investigation-after-attempt-to-have-lux-founder-arrested-backfired-spectacularly/

Kinnara CEO Accused of Desperate Intimidation Campaign as Police Investigations Close In
https://marinabay.city/kinnara-ceo-accused-of-desperate-intimidation-campaign-as-police-investigations-close-in/

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

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

While Others Celebrate Christmas, Kinnara’s CEO Escalates a Bitter Campaign Against Lux Property
https://marinabay.city/while-others-celebrate-christmas-kinnaras-ceo-escalates-a-bitter-campaign-against-lux-property/

URGENT INVESTOR ALERT: Calls to Stop Kinnara CEO Doing the Runner as Over $10 Million in Marina Bay City Client Funds Exposed
https://marinabay.city/urgent-investor-alert-calls-to-stop-kinnara-ceo-doing-the-runner-as-over-10-million-in-marina-bay-city-client-funds-exposed/

Lux Property Projects: Debt-Free, Self-Funded, and Scaling Fast in Indonesia
https://marinabay.city/lux-property-projects-debt-free-self-funded-and-scaling-fast-in-indonesia/

Why Lux Bought Out Kinnara from Marina Bay City, Lombok
https://marinabay.city/why-lux-bought-out-kinnara-from-marina-bay-city-lombok/

Lux outlines support plan for affected Marina Bay City buyers after Kinnara payment diversions
https://marinabay.city/lux-outlines-support-plan-for-affected-marina-bay-city-buyers-after-kinnara-payment-diversions/

KINNARA and Its CEO Face Escalating Fraud Allegations Following Disputed Buyout
https://marinabay.city/kinnara-and-its-ceo-face-escalating-fraud-allegations-following-disputed-buyout/

Clock Ticking for Kinnara: Will CEO Adrian Campbell Return Investor Funds — or Run?
https://marinabay.city/clock-ticking-for-kinnara-will-ceo-adrian-campbell-return-investor-funds-or-run/

Kinnara’s December 26 “Shareholders’ Meeting” Claim Exposed as Fiction Under Indonesian Law
https://marinabay.city/kinnaras-december-26-shareholders-meeting-claim-exposed-as-fiction-under-indonesian-law/

LUX Property Files Action to Compel Share Transfer From Kinnara After Buyout of Marina Bay City
https://marinabay.city/lux-property-files-action-to-compel-share-transfer-from-kinnara-after-buyout-of-marina-bay-city/

Lux Management Rebuttal: Adrian Campbell Was Bought Out — Claims of 50% Ownership Are False and Self-Incriminating
https://marinabay.city/lux-management-rebuttal-adrian-campbell-was-bought-out-claims-of-50-ownership-are-false-and-self-incriminating/

PUBLIC STATEMENT – MARINA BAY CITY LOMBOK

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