LUX PROPERTY GROUP ANNOUNCES FULL LAND PROTECTION FOR MARINA BAY CITY INVESTORS AFFECTED BY ALLEGED KINNARA FUND DIVERSION
Every verified investor will receive the full value of their investment in land as LUX moves forward with Nesara Bay City
LUX Property Group has announced that it will protect every verified investor who believed they were purchasing land or property within the Marina Bay City project but whose funds were allegedly taken, diverted or redirected by Kinnara CEO Adrian James Campbell, Hilton Wood or their associated entities.
Under the commitment, each affected investor will receive land representing the full verified value of their original investment. LUX says this means no genuine investor caught up in the alleged Kinnara scandal will lose the value of the money they invested.
The commitment will extend not only to existing LUX Property Group clients, but also to people who reasonably believed they were investing in Marina Bay City because of LUX Property Group’s involvement and reputation, yet were allegedly directed to pay their money to Kinnara, Campbell-controlled entities or other accounts outside LUX Property Group’s control.
“This is exceptionally good news for the Marina Bay City investors affected by the Kinnara scandal,” a LUX Property Group spokesperson said.
“Subject to verification of their contracts and payments, every genuine investor will receive the full value of their investment in land. LUX Property Group is stepping forward to ensure that innocent purchasers are not left financially disadvantaged by conduct they could not reasonably have anticipated.”
Campbell’s Criminal History Now on the Public Record
The announcement follows the publication of the Federal Court of Australia’s judgment in Campbell v McIntyre (No 2) [2026] FCA 1279, which placed significant details of Campbell’s criminal history on the public record.
The judgment records that Campbell initially swore that he had never been criminally prosecuted or convicted in Australia. In a subsequent affidavit, however, Campbell disclosed that:
* He was convicted in 2012 of fraud offences.
* He was convicted in July 2015 of five Australian Consumer Law offences involving the acceptance of payments without supplying the promised goods or services.
* He pleaded guilty in March 2018 to 11 charges of making false or misleading representations.
* He was fined $85,000 and ordered to pay $102,200 in compensation in relation to the 2018 offences.
Justice Derrington found that the extent of Campbell’s criminal history had been “substantially downplayed” during his application for an injunction and described the relevant non-disclosures as significant. The Court discharged the injunction and ordered Campbell to pay 80 per cent of McIntyre’s costs on an indemnity basis. The Federal Court judgment is publicly available.
LUX says these disclosures allow investors to assess the Marina Bay City controversy with information that was previously concealed or downplayed.
The company alleges that the conduct surrounding Marina Bay City resembles aspects of Campbell’s previous offending: an established business or commercial opportunity was allegedly copied or represented as being under his control, contracts were issued and money was collected despite an alleged absence of proper authority.
The Federal Court did not determine the Marina Bay City fund-diversion allegations. Those allegations remain subject to investigation and separate legal processes.
Millions Allegedly Directed Offshore
LUX alleges that Hilton Wood, acting under the instructions of his longstanding associate Adrian Campbell, caused millions of dollars paid by Marina Bay City investors to be transferred offshore or into entities controlled by Campbell.
LUX further alleges that Campbell caused unauthorised sales contracts to be issued without the developer’s knowledge or approval and that bank-account details appearing in contracts and payment instructions were altered so investor funds would be paid to Campbell-controlled or associated entities.
According to LUX, the result was that contracts purported to impose development obligations upon LUX-related entities while substantial portions of the corresponding purchase money were allegedly directed elsewhere.
“These investors believed they were paying for property within Marina Bay City,” the spokesperson said.
“LUX alleges that contracts were issued without the developer’s authority, payment details were changed and millions of dollars were diverted into entities controlled by Campbell or his associates. The developer was then expected to deliver properties despite never receiving the money required to build them.”
Campbell and Wood should be afforded an opportunity to respond to these allegations. No criminal court has determined the allegations concerning the Marina Bay City transactions.
Investors Now Have a Clearer Picture
LUX says that the publication of Campbell’s criminal history, together with banking records, contracts, payment receipts and communications now available to affected parties, has given investors a clearer understanding of who LUX alleges was responsible for the diversion of funds.
The company says investors were previously subjected to competing narratives while Campbell publicly portrayed himself as a victim and directed accusations toward LUX Property Group and its founder.
LUX alleges that Campbell’s own complaints and legal actions were intended to create a smokescreen around the movement of investor funds. According to LUX, a police complaint initiated by Campbell against the LUX founder ultimately caused further contracts, banking records and communications to be examined—material LUX says provides additional evidence supporting its allegations against Campbell and his associates.
That remains LUX Property Group’s position and has not yet been determined by a criminal court.
Indonesian Proceedings Discontinued and NSW Police Complaint Lodged
LUX Property Group says Campbell discontinued his Indonesian defamation proceeding against the group’s founder. The published Federal Court reasons also record that related Indonesian proceedings between the parties had been discontinued.
LUX further says that a detailed complaint and supporting evidence concerning Campbell and Wood have been submitted to the NSW Police Force for investigation. The existence of a complaint does not itself establish criminal responsibility, and any determination of guilt can only be made by a court.
LUX says the materials provided to authorities include allegedly unauthorised contracts, altered payment instructions, banking records and communications concerning the transfer of investor funds.
LUX Steps In Despite Not Receiving the Money
Despite maintaining that it did not receive much of the money paid by affected investors, LUX Property Group says it is prepared to assume the financial burden voluntarily as an act of goodwill and to restore confidence in the development.
“This is not about accepting responsibility for money LUX never received,” the spokesperson said.
“It is about protecting people who invested in good faith. These investors believed they were becoming part of Marina Bay City, and LUX Property Group is determined to ensure that they receive the land value they paid for.”
Affected investors will be asked to provide their contracts, payment receipts, bank records and relevant communications so each claim can be verified and the appropriate land allocation formally documented.
A New Beginning with Nesara Bay City
The investor-protection announcement comes as LUX Property Group prepares for the next phase of its major South Lombok development, now known as Nesara Bay City.
Further information about the project is available at nesarabaycity.com.
LUX Property Group expects the principal permits and approvals for the South Lombok development to be completed during the final quarter of 2026, allowing construction to commence in the first quarter of 2027.
At the same time, the group is working toward completing its three Bali projects during the final quarter of 2026 before directing additional construction resources toward South Lombok.
LUX says its decision to protect affected investors represents a fresh start for the project and sends a clear message to every genuine purchaser: those who invested honestly and can verify their payments will be protected.
“No genuine investor should lose because they were misled about where their money was going,” the spokesperson said.
“LUX Property Group intends to honour the vision investors believed they were supporting, protect their investment through land and move forward with the development of Nesara Bay City.”
11:45 AM
Anupam Sir
We’ve been paying for something called “Nitropack”. But I can’t see it in use on the site? Can you confirm if it’s still needed?
https://nitropack.io
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