KINNARA Faces Potential $5 Million Refund Exposure as It Denies Marina Bay City Buyout

Written By Jatin Kumar

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.

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Original Source For Full Read:
KINNARA Faces Potential $5 Million Refund Exposure as It Denies Marina Bay City Buyout – Wall Street Times

Jatin Kumar
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