Lux Management Rebuttal: Adrian Campbell Was Bought Out — Claims of 50% Ownership Are False and Self-Incriminating

Lux Management Rebuttal: Adrian Campbell Was Bought Out — Claims of 50% Ownership Are False and Self-Incriminating

By Lux Management
Controlling Owners of Marina Bay Investments & the Marina Bay City Project, Lombok, Indonesia

Lux Management issues this formal rebuttal in response to the memorandum circulated by Kinnara Ltd and its CEO Adrian Campbell, through Hendarman Law Firm, dated 18 December 2025, which falsely claims that Mr. Campbell remains a 50% shareholder of PT Marina Bay Investments and an “integral part” of the Marina Bay City Project.

That claim is categorically false, legally untenable, and contradicted by Mr. Campbell’s own actions, agreements, resignations, communications, and public statements.

1. Adrian Campbell Was Bought Out — Period

Mr. Campbell did not merely agree to a buyout — he negotiated it, signed it, confirmed it, banked the proceeds of it, and publicly announced it.

The facts are not in dispute:

• A buyout agreement was executed

• Mr. Campbell resigned as Commissioner as part of that buyout

• He received millions of dollars pursuant to that agreement

• Kinnara itself issued a public press release on 5 November 2025 confirming the sale, which remains visible on marinabay.city, the official website of Marina Bay Investments and the Marina Bay City Project

• Lux issued its corresponding media release on 4 November 2025, approved at the time by both parties

When you are bought out, you are bought out — period.
You do not remain a shareholder.
You do not remain on the board.
You do not remain “integral” to the project.

Taking the money ends the argument.

2. The “Share Registry” Argument Incriminates Mr. Campbell

Mr. Campbell now claims he remains a 50% shareholder because the Indonesian company registry has not yet been updated.

This argument incriminates him, not Lux.

Because Mr. Campbell is the party refusing to sign the share transfer documents, despite having already banked millions of dollars for the sale of those very shares.

You cannot:

• Sell shares

• Accept payment

• Resign from the board

• Refuse to execute the transfer

• Then claim continued ownership

That is not a technicality.
That is self-incrimination — period.

WhatsApp messages and internal communications confirm Mr. Campbell explicitly acknowledging receipt of:

• The first AUD $2 million, and

• Subsequent payments bringing the total received by Kinnara to between AUD $4 million and up to AUD $6.5 million, with AUD $5.5 million acknowledged as buyout consideration

Lux Management is prepared to release this evidence in full at any time.

3. He Is No Longer Part of the Project — By His Own Choice

The Hendarman Law Firm memo attempts to reframe Mr. Campbell as still being an “integral part” of Marina Bay City.

This is fiction.

A bought-out shareholder is no longer part of the project.
A resigned Commissioner has no authority.
A former partner has no standing.

Mr. Campbell is:

• Not on the board

• Not in management

• Not involved in operations

• Not authorised to represent Marina Bay City

• Not entitled to investor funds

He is a hostile former partner who was paid to leave — period.

4. Claims That Construction Has Stopped Are False

Assertions that works at Marina Bay City have ceased are false and misleading.

Facts:

• Construction has continued and continues today, particularly within the Beachside precinct

• Under Mr. Campbell’s former management, works on the resort side were paused due to failures to follow proper permitting and regulatory processes, which caused issues with local authorities

• This mismanagement was a key reason he was removed

• Since the change in control, permits have been resolved and fast-tracked, and construction is progressing under new management

Claims that contractors have not been paid are also false.

What is true is that Mr. Campbell has:

• Attempted to induce contractors to stop work

• Interfered with operations

• Actively sought to undermine Marina Bay City and unrelated Lux projects in Bali

5. The $10,000 “Payment” Claim Is a Red Herring

Mr. Campbell has attempted to sensationalise a routine internal payment of approximately $10,000, suggesting it constitutes embezzlement.

This allegation is absurd.

Marina Bay Investments is a private company.
Mr. Campbell was already bought out — period.
He has no right to oversight.

This claim is particularly cynical given that Kinnara has diverted in excess of AUD $10 million in Marina Bay City client funds into Kinnara-controlled accounts, while simultaneously refusing to:

• Transfer shares

• Hand over agreed digital assets

• Transfer domains and platforms he committed in writing to relinquish as part of the buyout

6. Why the Misinformation Continues

The reason for this ongoing campaign of misinformation is becoming clear.

It appears Mr. Campbell intended to:

1. Pocket millions from a buyout

2. Refuse to complete the share transfer

3. Continue marketing and selling using Marina Bay City digital assets

4. Attempt to acquire land independently and steal the project by stealth

That strategy has now failed.

Mr. Campbell is facing:

• Enforcement action to compel execution of share transfers

• Exposure relating to diversion of client funds

• Police complaints connected to defamation and fraud-related matters

7. A Concerning Pattern

Investors have uncovered multiple historical fraud-related matters involving Mr. Campbell in Australia, reported by:

• The Canberra Times

• The Brisbane Times

• Queensland Department of Fair Trading

• A front-page Border Mail article detailing an incident in which Mr. Campbell fled to Bali while on bail in relation to cheque forgery and theft of Telstra copper cabling

This emerging pattern is deeply concerning and explains the growing alarm among investors now conducting due diligence.

Conclusion

You cannot sell shares, take millions of dollars, resign from the board, publicly announce the sale — and then months later claim you never sold.

That is not a dispute.
That is self-incrimination — period.

Lux Management will continue to protect investors, enforce the buyout, and advance Marina Bay City under lawful, transparent, and competent ownership — without Kinnara and without Adrian Campbell.