LUX Founder Jamie McIntyre Slams Kinnara and CEO Adrian Campbell: “On What Planet Would Any Developer Agree to That?”
In a blistering response to the escalating controversy surrounding the Lombok development, Jamie McIntyre, founder and CEO of LUX Property Group, has categorically rejected what he describes as “an absurd and commercially nonsensical narrative” being pushed by Kinnara and its CEO Adrian Campbell.
Speaking candidly, McIntyre dismantled claims suggesting that LUX had entered into any form of agreement allowing Kinnara to issue contracts, collect investor funds, and independently control the financial flows tied to villa construction.
“Let’s be very clear,” McIntyre said. “The idea that LUX Property Group would ever agree to a structure where another party collects millions of dollars from investors, diverts those funds offshore into accounts they fully control, and then expects us to build the villas anyway… it’s beyond ridiculous. It’s commercial fantasy.”
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“No Developer on Earth Would Agree to This”
McIntyre stressed that such a scenario defies even the most basic principles of property development and fiduciary responsibility.
“On what planet would any developer sign off on that?” he continued. “You’d have to assume we’re either incompetent or running a charity. Developers build with capital. If the capital disappears, there is nothing to build with. It’s that simple.”
He then addressed the core issue in direct terms:
“Let’s call it exactly what it is. You cannot issue contracts without our authority, divert millions of dollars without our authority, and then expect us to build the villas you took clients’ money for. That is not a commercial arrangement—it’s completely absurd.”
“If you control the contracts, control the money, and control where that money goes, then you carry the responsibility. You don’t get to pocket the funds and then try to pass the cost and liability onto the developer.”
He added that any legitimate development structure requires strict governance and transparency.
“No serious developer relinquishes control of investor funds to a third party without oversight, accountability, and clear financial tracking. To suggest otherwise is either a gross misunderstanding—or a deliberate attempt to mislead.”
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“And On What Planet Does a Buyout Work Like That?”
McIntyre also took aim at what he described as extraordinary claims surrounding the buyout itself.
“And on what planet do you get paid millions in a buyout,” he said, “but then don’t hand over the shares, don’t transfer the company assets—including databases and digital assets—and still continue operating as if nothing happened?”
According to McIntyre, the situation becomes even more concerning given allegations that, despite public announcements of the buyout, new investors continued to be signed under the original branding.
“After publicly announcing a buyout, how does a party continue signing up millions of dollars’ worth of new customers using the Marina Bay City branding, giving the impression they’re buying into the legitimate project, while those funds are being controlled elsewhere?”
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Allegations of Ongoing Misrepresentation and Pressure
McIntyre did not hold back in describing what he believes is a broader pattern of conduct.
“It raises serious questions if one party can continue using the brand, collect funds, and then attempt to pressure or corner the developer into building villas without having received the corresponding funds,” he said.
“That’s not a commercial arrangement. That’s an attempt to shift all risk, cost, and responsibility onto the developer while others control the revenue.”
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“Track Records Now Under the Microscope”
McIntyre also pointed to what he described as concerning historical allegations surrounding key individuals.
He referenced reporting by outlets such as the Brisbane Times, Canberra Times, and the Border Mail, which have previously covered allegations and legal matters involving Adrian Campbell.
“We now know that Kinnara’s CEO and CFO, Adrian Campbell and Hilton Wood, along with senior associate Simon Gronow, have faced investigations and allegations spanning more than 15 years in Australia,” McIntyre said.
He cited allegations ranging from fraud-related investigations to charges reported in Queensland and Victoria.
“These include matters involving the Department of Fair Trading in Queensland, as well as charges reported by both Victorian and Queensland police, including cheque forgery and theft-related allegations reported at the time.”
McIntyre also referenced what he described as the most significant case tied to Campbell’s previous company.
“Then there’s GIM Trading—Adrian Campbell’s previous company—where approximately $23 million was taken from client accounts. According to the Australian Securities and Investments Commission, around $17 million of that was traced offshore to Hong Kong.”
He added that the case drew national attention.
“Even the Australian Broadcasting Corporation conducted an investigation into GIM Trading. These are serious matters that raise obvious concerns.”
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Expanding Investigations Into Fund Flows
Investigators are now examining whether any funds from investors—who believed they were purchasing into the Marina Bay City project—were transferred into bank accounts linked to Kinnara that bear similarities to those allegedly used in the GIM Trading scandal.
“A key line of inquiry,” McIntyre said, “is whether investor funds followed a similar path—being redirected into accounts controlled by the same network of entities or individuals.”
Authorities are understood to be scrutinising transaction patterns to determine if there are parallels with the earlier case, where approximately $17 million was reportedly traced offshore to Hong Kong.
“If there are similarities in how funds were moved, structured, or ultimately received, that raises very serious questions,” McIntyre added. “Patterns don’t lie—money leaves trails.”
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“You Can’t Have It Both Ways”
McIntyre reiterated that LUX cannot be held responsible for outcomes tied to funds it never received or controlled.
“You can’t have it both ways,” he said. “You can’t take control of the money, allegedly divert substantial portions of it, continue operating under the project’s branding, and then expect the developer to deliver everything as if nothing happened.”
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A Call for Full Transparency
For McIntyre, the path forward remains simple: full financial transparency.
“If everything has been handled properly, then provide complete bank statements, full transaction histories, and clear evidence of where every dollar went,” he said. “That clears everything up immediately.”
Until then, he says, the situation speaks for itself.
“This isn’t complicated. It’s common sense. No developer agrees to fund a project out of their own pocket while another party collects and controls all the money. And no legitimate buyout works the way this is being portrayed.”
As scrutiny intensifies, McIntyre confirmed LUX will continue pursuing clarity for investors and accountability for all parties involved.
“Investors deserve the truth. And the truth is very easy to prove—if it exists.”
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