Kinnara Issues Formal Statement Confirming McIntyre Default on Marina Bay City Lombok

Kinnara Limited, described as one of Asia’s premier property marketing platforms operating across 76 global portals in 44 countries, issued an official statement on 14 March 2026 confirming that Lux Projects Bali and its principal Jamie McIntyre had defaulted on a binding Conditional Sale and Purchase Agreement for the first five stages of the Marina Bay City Lombok development.

The statement confirmed three specific findings: that client funds had been mismanaged in connection with Marina Bay City Lombok; that legal proceedings were active; and that Kinnara Capital and Kinnara Limited had no association with McIntyre or his entities.

Kinnara described McIntyre’s public statements about the development as a deliberate deflection strategy, stating that his communications sought to obscure “the mismanagement of client funds by Lux Projects Bali entities and the failure of McIntyre’s associated companies to honour their obligations to investors, contractors, and development partners.”

The Project McIntyre Has Been Selling — and What Was Never Built

Marina Bay City Lombok is one of several Lombok eco-city developments McIntyre has marketed to Australian and international investors through his Lux Projects network, alongside Nesara Bay City and Gesara Bay City. The projects have been promoted with floor plans, investment tiers, and the branding of a world-class resort development pipeline.

McIntyre’s own press releases, published on openPR in August 2025, acknowledged that at least one of his Lombok projects — Nesara Bay City — was “currently in the conceptual stage, with development pending formal approval from the Lombok provincial government.” The same release noted that if approvals stalled, “these concepts could be shifted to other islands.”

An AFP fraud squad detective, speaking on background in March 2026, confirmed that the investigation has found properties being marketed with floor plans and glossy images that have nothing built behind them.

“Lux Projects Bali and Jamie McIntyre have defaulted on a binding Conditional Sale and Purchase Agreement for the first five stages of Marina Bay City Lombok. Client funds have been mismanaged.” — Kinnara Limited official statement, 14 March 2026.

The Director Who Turned Witness

The Kinnara statement corroborates disclosures made by Christina Natalia, the former Direktur of PT Bali Real Estate Investments — the Indonesian entity behind Lux Projects Bali. Natalia provided official bank records to Ditreskrimsus Polda Bali and spoke publicly to TechBullion journalist Aftab Ahmad in March 2026.

Natalia described the company’s accounts as holding only thousands of Australian dollars at certain points, despite millions having been raised from investors. She alleged evidence of internal loans and cash withdrawals made by McIntyre himself, and described the company as relying on fresh investor capital just to sustain development work already underway.

“The project needed fresh capital just to keep going. Company accounts displayed balances far smaller than one would expect for an active development company.” — Christina Natalia, Director, PT Bali Real Estate Investments, to TechBullion, March 2026.

Natalia also filed criminal fraud reports at Ditreskrimsus Polda Bali against McIntyre’s representative Barry Kevin Grossman under Article 492 KUHP. McIntyre is expected to face criminal prosecution proceedings in Indonesia connected to the Polda Bali investigation. Civil proceedings are active at Denpasar District Court following a claim filed on 14 March 2026.

McIntyre’s Australian Regulatory Background

McIntyre is subject to a 10-year ban from managing corporations and providing financial services imposed by the Federal Court of Australia in 2016 (ASIC v McIntyre [2016] FCA 1276). Five failed land schemes left 152 investors approximately AUD $7 million out of pocket. Deloitte, appointed liquidator, could not locate the funds. Justice Bromwich described McIntyre as “a menace to the investing public.”

ASIC is now examining whether his ongoing property investment promotional activities breach the Federal Court ban. AUSTRAC is separately reviewing fund flows from Australian investors through intermediary entities into an offshore company co-owned by McIntyre registered in St Kitts and Nevis. The Australian Federal Police’s Operation Firestorm has also made enquiries.

Warning to Bali-Based Investors and Expats

Investors in Bali and Lombok who have committed funds to any Lux Projects development — including Marina Bay City, Nesara Bay City, or Gesara Bay City — are advised that Indonesian criminal and civil proceedings are now active and that evidence collection is ongoing at Ditreskrimsus Polda Bali.

Anyone with documentation of investment transactions, contracts, or fund transfers to Lux Projects, PT Bali Real Estate Investments, or associated entities is encouraged to contact Ditreskrimsus Polda Bali at Jl. W.R. Supratman No. 7, Denpasar, or ASIC (Australia) on 1300 300 630.

Sources: Kinnara Limited official statement, 14 March 2026 (marinabaycity.com); TechBullion — Aftab Ahmad, 11 March 2026; Ditreskrimsus Polda Bali criminal report (2026); ASIC v McIntyre [2016] FCA 1276; openPR press release (McIntyre), August 2025; AFP fraud squad on background, March 2026; Denpasar District Court records.