KINNARA Faces Potential $5 Million Refund Exposure as It Denies Marina Bay City Buyout
Lombok, Indonesia / Australia — Asian real estate platform KINNARA (K-I-N-N-A-R-A), headed by CEO Adrian Campbell, is facing escalating legal and financial pressure after publicly denying the buyout of the Marina Bay City project in Lombok, Indonesia—despite having signed a buyout agreement and received millions of dollars in payments, according to Lux Projects.
Lux Projects, which announced it had acquired 100% ownership of Marina Bay City months ago, says it is now actively considering terminating the buyout agreement due to what it describes as persistent breaches, actual sabotage, and coordinated actions deliberately designed to undermine the project and Lux’s wider business operations.
Over $5 Million in Client Refund Exposure
According to Lux, KINNARA has collected in excess of $5 million AUD directly from clients or through related entities for Marina Bay City villas after the buyout process commenced. Lux says that if it proceeds with termination:
•KINNARA would be relegated to a heavily diluted minority shareholder with no management or operational control
•KINNARA would be fully responsible for refunding its own clients
•Lux would only construct villas paid for directly to Lux, as the confirmed owner of Marina Bay City
This would leave KINNARA clients needing to pursue refunds from KINNARA and, if they wish to proceed with construction, contract directly with Lux, the owners and developers of Marina Bay City.
Lux says it has already issued multiple formal breach notices, warning that KINNARA’s continued denial of the buyout—despite signed agreements and receipt of substantial funds—may result in formal termination of the agreement.
“If KINNARA continues to deny reality,” a Lux representative said, “its wish may be granted—but that comes with consequences.”
Allegations of Actual Sabotage and Interference
According to Lux and multiple insiders, the dispute has escalated far beyond contractual disagreement into what Lux describes as outright, intentional sabotage.
Lux alleges that since the buyout:
•KINNARA has refused to transfer critical digital assets, including the official website marinabaycity.com and the Marina Bay Lombok Facebook page
•KINNARA has deceived and misled clients, investors, and the wider community by publicly denying a buyout it had previously acknowledged
•There have been deliberate attempts to interfere with permits, regulatory processes, and funding relationships
•Subcontractors and builders were allegedly approached and offered money to stop work or abandon construction
•KINNARA is accused of funding or supporting third-party legal actions against Lux based on false representations
•Lux further alleges that money was paid to police intermediaries in an attempt to have Lux’s leadership jailed or banned from Indonesia, interfering with the lawful operation of the project
“This was not a paperwork dispute,” a Lux representative said. “This was actual sabotage.”
“A Platform Pretending to Be a Developer”
Lux was scathing in its assessment of KINNARA’s business model, saying the dispute highlights a broader warning to property buyers.
“A real estate platform is meant to be a portal for agents to advertise property—not to circumvent its own advertisers, collect client funds, and pretend to be a property developer,” Lux said.
Lux claims KINNARA has never independently developed a single project or villa, yet marketed itself as a developer while collecting millions of dollars from buyers.
“The moral of the story is simple,” Lux added. “Be extremely careful buying property through platforms that blur the line between agent, marketer, and developer.”
Marina Bay City to Proceed Exclusively Under Lux
Regardless of the outcome of the dispute, Lux says it is now unequivocally clear that Marina Bay City will proceed only under the management and leadership of Lux, and that KINNARA will no longer have any role or presence in the project.
Lux stated that KINNARA has been banned from developing, marketing, or representing Marina Bay City in any capacity, and that any attempt to portray itself as associated with the project is unauthorised and misleading.
Allegations of Further Deceptive Sales Activity
Lux further alleges that KINNARA was recently caught selling competing beachfront land within Marina Bay City that it does not own, using the marinabaycity.com website—an asset Lux says legally belongs to Lux but which KINNARA has refused to hand over.
According to Lux, this conduct may have resulted in millions of additional dollars being taken from platform clients for land KINNARA does not own and villas it cannot and will not build.
Lux claims the refusal to transfer the website and social media assets is a deliberate attempt to continue banking client funds under the Marina Bay City name, despite having no ownership, development rights, or authority.
Warning to Buyers: Lux Will Not Build KINNARA-Funded Properties
Lux issued a blunt warning to prospective buyers:
“If anyone is foolish enough to pay KINNARA or any of its associated entities—Australian or otherwise—posing as Marina Bay City, Lux will not build their property.”
Lux reiterated that only properties paid for directly to Lux, or through authorised Lux-controlled channels, will be constructed. All other buyers, Lux says, will need to pursue refunds directly from KINNARA.
Alleged Smear Campaign and Escalation
Lux was also scathing of what it described as a desperate, last-ditch attempt by KINNARA to email its investor client base with material Lux claims is defamatory, targeting Lux and its founder.
Lux further alleges that this campaign coincided with attempts to pay Indonesian police intermediaries to have Lux’s leadership arrested or banned from Indonesia based on invented allegations, as part of a scheme to destabilise Lux and then falsely present KINNARA as a “rescuer” of affected clients.
“This was not about protecting clients,” Lux said. “It was about trying to steal the project back after the money was already taken.”
Questions Raised Over CEO’s Past and Client Funds
Lux also noted that increased public scrutiny has led many to research KINNARA CEO Adrian Campbell, with prior Australian media reporting raising serious concerns about past fraudulent conduct, including matters reported by The Brisbane Times, The Canberra Times, and The Border Mail involving allegations of bail-skipping, cheque forgery, and theft.
Lux stressed it is not making new allegations, but says the existence of such reporting raises legitimate concerns about governance and trust in light of current events. Mr Campbell is now believed to be residing outside Australia.
Mr Campbell has claimed that funds taken from KINNARA clients for Marina Bay City are held in trust. Lux says that if this is accurate, formal disclosure and proof should be provided immediately, which would make the refund process straightforward now that KINNARA is denying the buyout and Lux will not proceed with construction on unpaid projects.
Final Position
Lux reiterated its position clearly:
•Lux will only build properties it is paid to build
•Only Lux clients will see their villas completed at Marina Bay City
•KINNARA has no development rights, no authority, and no future role in the project
As the situation stands, Lux says Marina Bay City will continue forward exclusively under Lux, and any unresolved client claims rest with the platform that accepted their funds.
