Wall Street Times
  • Business
  • Entertainment
  • Lifestyle
  • Local
  • Opinion
  • Sports
No Result
View All Result
  • Business
  • Entertainment
  • Lifestyle
  • Local
  • Opinion
  • Sports
No Result
View All Result
Wall Street Times
No Result
View All Result
Home Business

INSIDER ALLEGES MULTI-MILLION-DOLLAR FRAUD BY KINNARA AFTER MARINA BAY CITY BUYOUT

December 12, 2025
in Business
INSIDER ALLEGES MULTI-MILLION-DOLLAR FRAUD BY KINNARA AFTER MARINA BAY CITY BUYOUT
Share on FacebookShare on Twitter
INSIDER ALLEGES MULTI-MILLION-DOLLAR FRAUD BY KINNARA AFTER MARINA BAY CITY BUYOUT
Lombok, Indonesia — A senior insider at Marina Bay City, Lombok, has come forward with explosive allegations that between AUD $2.5 million and $4 million of client funds belonging to Marina Bay City were allegedly siphoned to Kinnara, the former project partner, during and after the recent buyout. The insider describes the discovery as “a staggering level of embezzlement and fraud,” prompting a formal police report and a widening investigation.
Alleged Missing Millions Discovered After Buyout
According to the insider, the discrepancies surfaced only after Lux Property — now the 100% owner of Marina Bay City — completed the buyout of Kinnara earlier this year. The audit conducted post-acquisition reportedly revealed that millions of dollars in funds contributed by Marina Bay City clients had been redirected to Kinnara under the guise of project costs or sales proceeds.
“These funds belonged to Marina Bay City buyers, not to Kinnara,” the insider said. “The magnitude of what has gone missing shocked everyone.”
A Controversial CEO With a Troubling Past
The allegations intensify due to the background of Adrian Campbell, CEO and founder of Kinnara, who has been publicly linked to multiple fraud-related matters in Australia.
Publicly available records show:
•Three fraud cases documented by the Queensland Department of Fair Trading
•Reports in The Brisbane Times and The Canberra Times describing fraud-related activities
•A front-page feature in The Border Mail detailing allegations of forged cheques (from $572 to $7,500)
•Allegations of stealing Telstra copper cables
•Claims he fled Australia while on bail, escaping to Bali
Campbell is now believed to be residing in Thailand.
Marina Bay City insiders say the emerging evidence points to a pattern of behaviour stretching over years, now repeating itself in Indonesia’s booming property sector.
Claims of Extortion During the Buyout
One of the most alarming allegations involves reported extortion during the buyout negotiations. According to the insider, WhatsApp messages — now being prepared as evidence for police — allegedly show Adrian Campbell and Kinnara representatives threatening Lux Property founder, Jamie McIntyre.
The alleged threats claimed that unless McIntyre agreed to a highly inflated multi-million-dollar buyout, Kinnara would see to it that he was “banned from Indonesia or even jailed.”
“This wasn’t a negotiation,” the insider said. “It was extortion.”
Now Claiming They Were Never Bought Out
Despite reportedly receiving millions in buyout payments, Kinnara is now publicly telling clients that no buyout occurred and that they remain 50% shareholders of Marina Bay City.
This contradiction has raised a critical question among observers:
If Kinnara was not bought out, then what exactly were the millions of dollars they received paid for?
Selling Land They Do Not Own
A further concern arises from Kinnara’s ongoing marketing and sale of property in Marina Bay City — on land they do not own and that remains under negotiation or dispute. Marina Bay City has issued multiple public warnings urging investors to beware of bait-and-switch tactics.
“Kinnara continues to take money from naïve investors for land they have no legal rights to sell,” the insider warned.
Refusal to Hand Over Digital Assets, Continued Misrepresentation
Under the buyout agreement, Kinnara was required to transfer several digital assets, including:
•MarinaBayCity.com
•Marina Bay Lombok Facebook page
Despite contractual obligations, Kinnara has allegedly refused to hand over these assets and is reportedly using them to mislead investors into believing they are still part of Marina Bay City.
“These digital platforms are being weaponized to divert clients and confuse the public,” the insider said.
Kinnara Presented as Developers — Without a Single Project Built
Kinnara continues marketing itself as a “successful property developer” in Asia, but according to Marina Bay City:
•Kinnara has never developed a single project,
•Never built a single villa,
•And its so-called “real estate platform” has no development history whatsoever.
Meanwhile, Lux Property — now the sole owner of Marina Bay City — points out that:
•It has built four projects in Bali,
•Is actively constructing Marina Bay City Lombok,
•And has delivered villas to every client across its development portfolio.
A Growing Police Matter
With alleged embezzlement, extortion, misrepresentation, and fraudulent land sales now under investigation, the Marina Bay City insider says authorities will be presented with a comprehensive dossier of evidence in the coming days.
“It’s not one issue — it’s a chain of deception,” the insider said.
“From missing millions to extortion to selling land they don’t own, to misleading clients… the pattern is unmistakable.”
Lux Property and Marina Bay City say they remain committed to transparency, investor protection, and the successful completion of Marina Bay City, now free from what they describe as “a deeply troubling former partnership.”

Related Posts

Adrian Campbell’s Daily Mail Denial Challenged by Investors’ Lawyers
Business

Adrian Campbell’s Daily Mail Denial Challenged by Investors’ Lawyers

October 7, 2026
Hilton Wood Under Pressure: Where Did Marina Bay City’s Investor Millions Go?
Business

Hilton Wood Under Pressure: Where Did Marina Bay City’s Investor Millions Go?

October 6, 2026
ISM Services PMI Eases to 54.9 in September as Prices Index Climbs to 74
Business

ISM Services PMI Eases to 54.9 in September as Prices Index Climbs to 74

October 5, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Vancouver WA Bicycle Accident Lawyer Guide

Vancouver WA Bicycle Accident Lawyer Guide

4 months ago
July 2026 CPI Report: Inflation Eases to 3.4% | Fed Rate Outlook

July 2026 CPI Report: Inflation Eases to 3.4% | Fed Rate Outlook

2 months ago
Innovation in Motion: How K-Pop is Changing Global Dance Choreography

Innovation in Motion: How K-Pop is Changing Global Dance Choreography

12 months ago
ANR SPECIAL REPORT : ‘Don’t Tax the World’s Busiest Shipping Lane. Build the World’s Next Great City.’

ANR SPECIAL REPORT : ‘Don’t Tax the World’s Busiest Shipping Lane. Build the World’s Next Great City.’

3 months ago

Categories

  • Business
  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Lifestyle
  • Local
  • National
  • News
  • Opinion
  • Opinion
  • Politics
  • Sports
  • Sports
  • Travel
  • Uncategorized
  • World
No Result
View All Result

Highlights

Dr. Sushant Rajput: Experience as Intellectual Capital

ISM Services PMI Eases to 54.9 in September as Prices Index Climbs to 74

“Ban ASIC for Ten Years and Make It Pay Investors $10 Billion”: Jamie McIntyre Demands Accountability

The Bali villa dream in ruins: Court uncovers businessman’s hidden criminal past as ex-partners battle over multimillion-dollar disaster

Janice Delima Carries Philippine Flag at Peace Day

I Sold Bitcoin at US$110,000. Now I’m Looking Beyond the West—and Towards AI

Trending

Adrian Campbell’s Daily Mail Denial Challenged by Investors’ Lawyers
Business

Adrian Campbell’s Daily Mail Denial Challenged by Investors’ Lawyers

by admin
October 7, 2026
0

Mark D. Bratton on Hawaii Real Estate Transaction Pace

Mark D. Bratton on Hawaii Real Estate Transaction Pace

October 6, 2026
Hilton Wood Under Pressure: Where Did Marina Bay City’s Investor Millions Go?

Hilton Wood Under Pressure: Where Did Marina Bay City’s Investor Millions Go?

October 6, 2026
Dr. Sushant Rajput: Experience as Intellectual Capital

Dr. Sushant Rajput: Experience as Intellectual Capital

October 5, 2026
ISM Services PMI Eases to 54.9 in September as Prices Index Climbs to 74

ISM Services PMI Eases to 54.9 in September as Prices Index Climbs to 74

October 5, 2026
  • Business
  • Entertainment
  • Lifestyle
  • Local
  • Opinion
  • Sports

© 2025

No Result
View All Result
  • Business
  • Entertainment
  • Lifestyle
  • Local
  • Opinion
  • Sports

© 2025