“$5 Million Scandal”? One Party’s Internal Audit Is Not a Scandal: The Latest Attack on Adrian James Campbell and Kinnara Capital
An independent audit conducted by a qualified Indonesian auditor in March 2026 verified that all payment obligations of Kinnara Capital and PT Marina Bay Group were fulfilled, and no unauthorized payments or benefits were received by any Directors. This…
An independent audit conducted by a qualified Indonesian auditor in March 2026 verified that all payment obligations of Kinnara Capital and PT Marina Bay Group were fulfilled, and no unauthorized payments or benefits were received by any Directors. This audit challenges the claims of a $5 million misappropriation presented in an internal audit by LUX Property Group.
Claim: Kinnara's Contribution to Buyer Acquisition
LUX Property Group's internal audit claims Kinnara delivered only 30 buyers, less than 10% attributed to its efforts. However, documentation from HLF Jakarta confirms Kinnara's foundational role in initiating Marina Bay City, which justified the 50% equity allocation.
Claim: Misappropriation of AUD $5 Million
The independent external audit refutes LUX's internal audit claim of fund diversion, confirming that all payment obligations were met and authorizations were appropriately documented. LUX’s $5 million figure lacks independent verification and court validation.
Claim: Share Transfer and Buyout Issues
The CSPA dated September 24, 2025, outlines prerequisites for share transfer which have not been met, as confirmed by the official Ditjen AHU registry. Therefore, no legal share transfer has occurred, countering claims of wrongdoing by Kinnara.
This audit challenges the claims of a $5 million misappropriation presented in an internal audit by LUX Property Group.
Claim: Alleged Use of Diverted Funds for Land Purchase
The audit confirms that Kinnara Capital and PT Marina Bay Group met all obligations, with no unauthorized transactions related to Saraya Lombok land purchases. The allegation lacks substantiated evidence.
Claim: Allocation of Land to Cooperative Buyers
The terminology used suggests leveraging investor compliance with LUX's commercial interests, raising concerns over investor protection and fair treatment.
According to the Ditjen AHU registry, PT Marina Bay Group maintains a 50% shareholding, with no registered transfer. The independent audit confirms full compliance with financial obligations by Kinnara Capital and PT Marina Bay Group, challenging LUX’s unverified internal audit. Investors are advised to verify entities through official Kinnara channels and seek independent legal advice before making payments or signing agreements. Official contact: +62 813-3977-5503 Verified websites: MarinaBay.City , SarayaLombok.com , Kinnara.Capital , Kinnara.Asia Legal advice from unbiased sources is recommended prior to engaging in any related legal or financial actions.
The claims in the LUX Property Group’s internal audit are contradicted by the independent external audit, which verifies that all financial obligations were met, and no unauthorized benefits were received. Investors are advised to exercise caution and seek independent legal advice.
This document is based on verified audits and legal documentation and does not constitute legal or financial advice.
Based on reporting by TechBullion.