Further Warnings Issued Over KINNARA as Investors Allegedly Fleeced for Millions After Marina Bay City Buyout

Fresh warnings are being issued to investors regarding KINNARA, the Asian real-estate platform that was bought out of the Marina Bay City project in Lombok, Indonesia, in October 2025, yet is allegedly continuing to mislead the public into believing it remains involved in the development.

Despite receiving a multi-million-dollar buyout, KINNARA has refused to hand over key digital assets, including the official website marinabaycity.com, and has continued to pass itself off as having authority over Marina Bay City—a project it no longer owns, controls, or has any legal right to market or sell.

Independent investigations have now exposed that KINNARA has allegedly been selling beachfront land and property interests within Marina Bay City that it does not own.

These sales are occurring despite the fact that ownership, development rights, and construction authority now sit entirely with the new owners, Lux Property, who acquired KINNARA’s interest through a negotiated buyout.

Authorities in both Australia and Indonesia have been informed, with regulatory and enforcement actions now reportedly underway.

The situation has escalated following further investigations by independent journalists into the background of KINNARA’s CEO, Adrian Campbell.

According to multiple Australian media reports, Campbell has previously been linked to a pattern of fraud-related matters, including:

•Coverage in Canberra Times and Brisbane Times relating to two separate fraud investigations, including the sale of licences for an international product where documents were allegedly forged and the rights never existed.

•Enforcement action by the Queensland Department of Fair Trading, which reportedly imposed significant fines over solar systems sold but never delivered.

•A front-page report in The Border Mail alleging Campbell was charged over forging cheques, stealing Telstra copper cables, and subsequently fleeing Australia while on bail to Bali.

KINNARA was formally terminated as a selling and marketing agent in 2025 following allegations that it had:

•Continued issuing contracts after its buyout

•Altered or substituted bank account details on contracts

•Diverted client funds into KINNARA-controlled bank accounts

•Collected in excess of AUD $10 million from buyers

•Refused to remit construction funds to the developer responsible for building clients’ villas

Audits conducted after the buyout are said to have revealed significant discrepancies between funds collected by KINNARA and funds actually paid toward construction.

Investor Complaints Mount in Australia and Indonesia

As a result, numerous investors have lodged complaints with Australian regulators, including departments of fair trading, while Indonesian authorities are also examining complaints from affected buyers locally.

Many investors say they were led to believe they were purchasing directly from the project owner, only to later discover that their funds had been paid to an entity with no legal authority to sell, develop, or construct property within Marina Bay City.

In response, Lux Property, the controlling owner and developer of Marina Bay City, says it is actively assisting affected investors to pursue lawful avenues to recover their money so their villas can still be built.

Lux has reiterated that:

•Investors who contracted and paid the authorised project entities remain protected

•Construction will proceed only where funds have been properly paid to the rightful developer

•Any party that collected funds without authority bears full responsibility for those losses

Lux management described the situation as deeply concerning, stating it is extraordinary that KINNARA would continue marketing and selling a product it does not own, does not control, and has no legal ability to deliver.

Lux has again issued a clear warning to the public:

Any party selling Marina Bay City land, villas, or beachfront lots without written authorisation from Lux Property is doing so without legal standing. Buyers are urged to independently verify ownership, contractual authority, and bank account details before transferring any funds.

As investigations continue, regulators and affected investors are watching closely to determine whether KINNARA’s actions will result in civil recovery proceedings, regulatory sanctions, or criminal charges.