EXPOSED: Kinnara Took Millions in Buyout Money — Now Claims the Buyout Never Happened
EXPOSED: Kinnara Took Millions in Buyout Money — Now Claims the Buyout Never Happened
In one of the most brazen corporate reversals Lombok’s property sector has ever witnessed, Kinnara and CEO Adrian Campbell are now denying a buyout they not only agreed to — but publicly celebrated — after accepting millions in payments.
This is not a misunderstanding.
This is not a “difference in interpretation.”
This is a blatant contradiction that industry insiders are calling “a textbook case of corporate gaslighting.”
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THE MONEY WAS PAID. THE ANNOUNCEMENTS WERE MADE. THE EXIT WAS REAL.
Multiple insiders confirm that millions of dollars in buyout payments were transferred to Kinnara as part of the full acquisition of Marina Bay Investments by LUX.
And that wasn’t kept quiet.
Kinnara published its own public announcement confirming the buyout.
Not a joint release.
Not a rumour.
A Kinnara-approved media statement acknowledging they were bought out, paid out, and stepping aside.
So why is the company now pretending none of this happened?
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THE CENTRAL QUESTION: WHERE DID THE MONEY GO?
The emerging theory — and the one gaining momentum among industry observers — is simple:
When millions of dollars are accepted, spent, and then denied… there is something to hide.
Analysts now point to several red flags:
• The funds were reportedly transferred to Kinnara shortly after the buyout agreement.
• Kinnara then withdrew from management and allowed LUX to assume full operational control.
• Only months later — after the money was already gone — did the public denial campaign begin.
Insiders describe the reversal as “deliberate, strategic, and timed to cause maximum disruption.”
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WHY WOULD A COMPANY DO THIS?
Experts outline two possible explanations:
1. The money is gone and liability is looming.
If the buyout funds were misallocated, misused, or siphoned away, denying the deal may be an attempt to avoid accountability.
2. A last-minute attempt to regain control — after cashing out.
Accept the money.
Exit quietly.
Then months later pretend the agreement never existed.
This is the accusation now circulating among investors.
Either scenario casts a dark shadow over Kinnara’s conduct.
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INDUSTRY REACTION: “THIS ISN’T CONFUSION — IT’S A COVER-UP.”
Several Lombok real estate figures, speaking off-record, describe the situation as “an intentional attempt to rewrite history after pocketing investor funds.”
One insider summarised the sentiment bluntly:
“You don’t accept millions in buyout money, issue your own press release confirming it, walk away… and then suddenly claim none of it ever happened. Unless you’re covering your tracks.”
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LUX STANDS FIRM AS 100% OWNER
LUX, which completed the full buyout, has already taken decisive action:
• Confirming the legal validity of the acquisition
• Producing the agreements and confirming the payments
• Highlighting the public releases issued by both sides
• Dismissing Kinnara’s denial as fabrication and deception
LUX is now focused on restoring confidence and cleaning up what insiders describe as the “financial wreckage” left behind.
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THE QUESTION KINNARA CAN’T ESCAPE
After accepting millions of dollars…
After issuing its own public statement confirming the sale…
After stepping down from all management and ownership roles…
Why is Kinnara now pretending the buyout never happened?
Until Adrian Campbell answers that question directly, the cloud of suspicion will only grow darker.