Convicted Fraudster Adrian Campbell Exposed in Scathing Federal Court Rebuke

A scathing Federal Court judgment has exposed Kinnara Capital CEO Adrian James Campbell after he swore in an affidavit that he had never been convicted of any criminal offence in Australia. That claim was comprehensively false.

Justice Derrington, delivering judgment in Campbell v McIntyre (No 2) [2026] FCA 1279, found that Campbell's non-disclosures were "exceptionally serious" and ordered him to pay 80 per cent of legal costs on an indemnity basis — the harshest costs sanction available in Australian courts.

Three Separate Conviction Records Concealed

The court's findings reveal a 17-year trail of regulatory enforcement against Campbell:

2012: Fraud convictions recorded in Queensland.

2015: Five convictions recorded at Southport Magistrates Court relating to International Solar Solutions, concerning charges of accepting payment and failing to supply goods and services.

2018: Campbell pleaded guilty to 11 counts of false and misleading conduct under the Australian Consumer Law through Eco Boss Pty Ltd. He was personally fined $85,000 and ordered to pay $102,200 in compensation to affected consumers. The presiding magistrate described the conduct as "calculated" and "deliberate" and characterised it plainly as "a scam."

Injunctions Discharged

Campbell had initially obtained ex parte interim injunctions in May 2026. However, once the full extent of his undisclosed criminal history became apparent, Justice Derrington discharged those injunctions entirely. The court noted that a party who seeks the court's protection through equitable relief has a fundamental duty to make full and frank disclosure of all material facts — a duty Campbell failed to meet.

Indemnity Costs: What This Means

An indemnity costs order is exceptionally rare in Australian litigation. Standard costs orders typically reimburse a party for roughly 60 to 70 per cent of their actual legal expenses. An indemnity costs order, by contrast, requires the paying party to cover a much higher proportion — typically 80 per cent or more — of the other side's actual costs. Courts reserve this sanction for conduct that is particularly unreasonable or deserving of censure.

In ordering indemnity costs against Campbell, Justice Derrington signalled the court's view that Campbell's conduct in concealing material information from the court fell well below the standard expected of any litigant.

Kinnara Capital and Offshore Operations

Campbell operates as CEO of Kinnara Capital, also known as Kinnara Asia, an entity based in Thailand with a Hong Kong corporate structure. The Kinnara entities market property investment opportunities to Australian retail investors, including the Saraya Lombok development and interests connected to Marina Bay City in Bali.

The Federal Court proceedings arose from a dispute between Campbell and Jamie McIntyre, the founder of LUX Property Group, over the management and diversion of buyer payments connected to these offshore property developments.

Read the original investigative report: Independent Australia — Convicted Fraudster Adrian Campbell Exposed in Scathing Federal Court Rebuke