Marina Bay City Lombok: Why KINNARA’s Buyout Denial Is Bad News for KINNARA Clients — But Good for LUX Clients
Marina Bay City Lombok: Why KINNARA’s Buyout Denial Is Bad News for KINNARA Clients — But Good for LUX Clients
By Investigative Desk
Serious questions are now being raised around Marina Bay City, Lombok, Indonesia, following KINNARA’s sudden denial of a completed buyout—a denial that, if true, could spell disastrous consequences for KINNARA’s own clients.
At the centre of the controversy is a simple but confronting question:
If there was no buyout, then where did the money go?
Because if KINNARA’s position is to be believed, it means the company has pocketed more than AUD $5 million, has not built a single villa, and has no intention—or capability—of building one.
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A Buyout Publicly Confirmed — Then Denied
On November 5, KINNARA publicly confirmed that it had been bought out of the Marina Bay City project. That announcement was followed by a corresponding media release from LUX, confirming it had assumed 100% ownership and management control of Marina Bay City.
Both announcements were approved, published, and widely circulated.
Months later, KINNARA is now attempting to deny that the buyout ever occurred, despite:
•Its own media release confirming it
•Its approval of LUX’s media release
•Public representations made to partners, media, and clients
Legal and industry observers say such a reversal is extraordinary and exposes KINNARA to serious legal risk.
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If There Was No Buyout, Where Did the Money Go?
The implications of KINNARA’s denial are stark
If there truly was no buyout, then it means:
•More than AUD $5 million has been received
•Not a single villa has been built
•No villas are currently under construction
•KINNARA has no property development track record
KINNARA is not a developer. It is an Asian real estate sales platform that, according to multiple sources, has never developed property, never delivered a finished product, and never constructed even a single villa anywhere.
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Selling Property They Don’t Own?
Even more troubling are allegations that KINNARA has been selling villas on land it does not own, including purported beachfront property that subsequent investigation has found to be non-existent or misrepresented.
Selling property without land ownership constitutes fraud under most legal systems.
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Digital Assets Withheld, False Narratives Published
As part of the buyout, KINNARA allegedly agreed to transfer control of key digital assets, including:
•marinabaycity.com
•The Marina Bay Lombok Facebook page
KINNARA has refused to hand over these assets, despite repeated demands.
It is now believed these platforms are being used to publish misleading information, falsely implying that KINNARA remains involved in Marina Bay City—potentially to confuse buyers and misdirect responsibility.
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Shares Paid For — But Never Transferred
Another explosive allegation is that KINNARA has:
•Accepted millions of dollars for the sale of shares
•Refused to execute share transfers
•Refused to release share certificates
Taking payment for shares and then refusing to transfer ownership is, according to legal experts, clear-cut fraud.
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Misleading KINNARA Clients
KINNARA is also alleged to be misleading its own clients by suggesting that their villa funds were paid to LUX for construction.
LUX has categorically denied this.
According to LUX, KINNARA retained the funds, meaning client money was never allocated to construction, and no villas were ever going to be built by KINNARA.
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The Contrast: LUX Moves Forward
While KINNARA stalls and rewrites history, LUX—now the full owner of Marina Bay City—has moved decisively forward.
LUX currently has four major villa projects in Bali under construction, with many villas already completed and handed over. All four Bali projects are on track to be fully completed by March 2026.
Once those projects are completed, LUX’s full development focus and resources will shift to Marina Bay City, which is already under construction in Lombok.
Under the new management team, LUX has:
•Accelerated construction activity at Marina Bay City
•Received confirmation from local government that approvals for the newly expanding areas of Marina Bay City will be fast-tracked
•Planned a 300% increase in workers on site from late January to significantly accelerate development
LUX has confirmed that all LUX clients will have their villas built as contracted, with visible progress now underway—a clear benefit for LUX clients amid KINNARA’s mismanagement.
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What KINNARA Clients Should Demand
For KINNARA clients, the message is now clear:
•Demand that KINNARA immediately release all retained funds
•Demand those funds be paid to LUX to build their villas
•Demand full transparency and audited accounts
Because if KINNARA continues to deny a buyout it publicly confirmed, then the unavoidable conclusion is that millions were taken, nothing was delivered, and history is now being rewritten.
And that is not just bad news for Marina Bay City—it is catastrophic for KINNARA clients
The Simple Solution
According to sources close to the matter, the solution is straightforward.
KINNARA should stop lying.
An insider says KINNARA must rectify the breaches of the buyout agreement, including:
•Handing over all agreed digital assets
•Completing all share transfers
•Releasing payments owed to LUX so KINNARA client villas can be built
The insider says KINNARA should then move on, remain well away from the Marina Bay City project, and cease any involvement whatsoever, as it is no longer involved in any capacity.
They must also, the source says, cease attempting to sabotage the project, cease efforts to extort money, and cease attempts to take control of the multi-billion-dollar development through false claims made to police or the public, or by disingenuously suggesting they are entitled to retain funds under the guise of “governance”.
“Enough with the lies,” the insider said.
“You’ve been bought out.
So now disappear, stop the childish behaviour, and find something better to do.”