Lux Property: Kinnara Clients Urged to Contact Lux as Buyout Breaches Continue

Marina Bay City, Lombok, Indonesia — Lux Property Projects has confirmed it will not build a single villa for any Kinnara (K-I-N-N-A-R-A) client until Kinnara fully complies with its obligations under the Marina Bay City buyout agreement, including payment of construction funds, transfer of digital assets, execution of overdue share transfers, and rectification of other material breaches.

Lux emphasized that its obligations are clear: it will only build villas it has been paid to build. Any funds being withheld by Kinnara that were collected from clients for construction must be transferred to Lux before any villas can proceed.

Lux urged affected buyers to contact Lux directly with:

•Proof of the amounts paid, and

•Details of which bank account the funds were paid into

Lux says this will allow it to investigate where the money went, determine what funds are being unlawfully retained, and update clients on the steps required to compel Kinnara to transfer monies owed so Lux can build the villas. Lux confirmed it is prepared to support affected Kinnara clients as much as possible to recover their funds.

Lux reiterated that all Lux clients are fully protected, stating:

“If people had bought through Lux, they would not be experiencing any of these problems.”

While expressing sympathy for Kinnara clients, Lux noted troubling findings from its investigations.

According to Lux, more than 50% of so-called Kinnara clients reported that:

•They first learned about Marina Bay City through Lux or Lux referral partners,

•They never heard of Kinnara, and

•They do not understand how or why Kinnara obtained their contact details or why it is reaching out to them.

Lux said this strongly confirms suspicions that Kinnara was largely poaching Lux clients rather than generating its own independent sales.

Lux stated that Kinnara has refused to hand over digital assets, including marinabaycity.com, despite being contractually required to do so, despite promising multiple times during buyout negotiations to transfer them, and despite confirming via WhatsApp messages that it would.

According to Lux, without access to Lux-generated leads, Lux branding, and the Marina Bay City name, Kinnara cannot generate legitimate sales, making the continued withholding of digital assets a deliberate and material breach.

Lux further revealed that Kinnara does not own any land in Marina Bay City. Since the buyout, it has been exposed for attempting to sell beachfront land that it has no contract to purchase and that cannot legally be built on. Lux warned that God knows how many millions more Kinnara may have taken from unsuspecting clients who thought they were buying into Marina Bay City.

Lux again rejected Kinnara’s claims that it can call a shareholder or general meeting, noting that:

•Kinnara has been bought out as a shareholder,

•Signed a binding buyout agreement,

•Received millions of dollars in buyout payments, and

•Refuses to sign share transfers that were due long ago

Lux described this refusal as an abusive process, emphasizing that failing to execute share transfers after a buyout does not preserve shareholder rights or entitle a bought-out party to convene meetings.

Lux reaffirmed that it is undisputedly the controlling entity of:

•Marina Bay Investments, and

•Marina Bay City

It confirmed that Kinnara’s sales agency was terminated, that Kinnara has no authority to sell or represent the project, and that multiple cease-and-desist notices have been issued to stop efforts to defame, disrupt, or sabotage the project. Lux also noted that Kinnara CEO Adrian Campbell resigned as Commissioner as part of the buyout.

Lux remains committed to proper governance and would happily convene a shareholder meeting within 90 days, provided Kinnara first:

1.Signs and registers all outstanding share transfers,

2.Transfers all agreed digital assets, including marinabaycity.com,

3.Pays all monies owed for villa construction, and

4.Rectifies all other breaches and demonstrates a valid reason for the meeting

Until these conditions are met, Lux says Kinnara has no standing to demand or convene any meeting.

Lux concluded:

“No payment means no villas. No compliance means no rights. Lux clients are fully protected. Marina Bay City will be developed lawfully by its rightful owner and authorized developer, Lux Property Projects, not by a party that has already been bought out and refuses to honor its obligations.”