Bali villa investors left in the dark as Kinnara project stalls and questions mount
A stalled Bali villa development linked to Adrian Campbell’s Kinnara network has become another case study in the risks facing Australian investors in offshore property schemes marketed from beyond domestic regulatory reach.
The project, initially promoted as Marina Bay Lombok and later referred to by investors as a $5.2 million Bali venture, allegedly drew funds from Australian buyers while progress on the ground lagged far behind expectations. Investors have told police they were kept in the dark about construction updates and later learnt that parts of the build had been torn down after reportedly being erected in the wrong location.
According to accounts reported publicly, the scheme was promoted heavily on social media and presented as a luxury villa opportunity in Bali, about 30 minutes south-west of the island’s tourist centres. Investors have alleged that money paid into the project ended up in bank accounts around the world. No charges have been laid over the development.
Kinnara’s role and the sales model
Campbell is the Thailand-based chief executive of Kinnara Capital, also known as Kinnara Asia and Kinnara Limited, a Hong Kong-registered company. The Daily Mail reported on the controversy in October 2026, describing Campbell as a convicted fraudster linked to the embattled Bali property scheme. In that report, Kinnara was described as a property development company marketing South-East Asian real estate to foreign investors.
The Daily Mail reported that investors in the project referred the matter to local police after raising concerns about payment handling, construction delays and a lack of transparency.
Campbell has said Kinnara acted only as a sales and marketing agent for the Marina Bay City project, did not hold purchaser funds, lodged its own report with Indonesian police in November 2025 and is co-operating with authorities. He has also said he regrets the errors in his earlier court material and respects the Federal Court’s findings, while maintaining that his convictions are a matter of public record.
Warnings amplified by Campbell’s record
The stalled Bali project has attracted sharper scrutiny because of Campbell’s established court record. Australian public records show convictions in 2012, five convictions in 2015 at Southport Magistrates Court relating to International Solar Solutions, and 11 false and misleading conduct offences in 2018 connected to Eco Boss Pty Ltd. In the 2018 case, the magistrate described the conduct as “calculated”, “deliberate” and plainly “a scam”.
That history became central to later Federal Court proceedings. In Campbell v McIntyre (No 2) [2026] FCA 1279, Justice Derrington found Campbell had failed to disclose his criminal history in affidavit material used to obtain urgent interim take-down orders. The court later discharged those injunctions and ordered Campbell to pay 80 per cent of legal costs on an indemnity basis, a severe sanction reflecting the seriousness of the non-disclosure.
The judge found the omissions were “exceptionally serious” and said Campbell had substantially downplayed his record. The court also accepted that parts of the claimed $25 million loss were sustained by his companies rather than him personally.
Broader offshore pattern
The Bali project sits alongside a wider pattern involving offshore entities, cross-border marketing and investor complaints. Kinnara’s corporate footprint spans Thailand and Hong Kong, while other ventures linked publicly to Campbell have included GIM Trading, which has been associated with investor losses of up to $23 million and an AFP investigation, and Marina Bay City, another Bali property development that drew allegations of diverted buyer payments.
For regulators and consumer advocates, the recurring issue is not just alleged misconduct but the difficulty of tracing money once it is moved through offshore structures. That challenge is magnified when projects are promoted to Australians from outside Australia and when construction, sales and payment flows sit across multiple jurisdictions.
The Bali villa project remains unresolved, investors remain without clear answers and Campbell’s companies remain under scrutiny. For now, the record shows a stalled development, allegations of missing transparency and yet another offshore property promise that has left Australian buyers exposed.