Bank Negara confirmed today it has received a report from its Singapore counterpart on a complaint by BSI Bank Ltd Singapore on an account linked to 1Malaysia Development Bhd (1MDB).

Bank Negara received the report from the Monetary Authority of Singapore, Bank Negara Governor Zeti Akhtar Aziz told a press conference.

"The information will be extended to other agencies under Malaysian jurisdiction," Zeti said at the function at which the Labuan Financial Services Authority Annual Report 2014 was released.

However, she declined to name which agencies have been notified, on grounds of confidentiality.

"The international community will not cooperate with us (in the future) if we release the information that was extended to us.

"Therefore, (disclosure) will stop all investigations if we talk about it," she said.

Similarly, Zeti also cited confidentiality requirements when asked to comment on former prime minister Dr Mahathir Mohamad's claim that Bank Negara is complicit in the confusion over 1MDB's funds redeemed from a bank in the Cayman Islands.

Contradictions

Two days ago, Mahathir accused Prime Minister and Finance Minister Najib Abdul Razak of lying on 1MDB funds redeemed from Cayman Islands, which Mahathir said could constitute a criminal offence .

On March 10, the Finance Ministry's written reply to Parliament stated that the funds were redeemed and the cash was kept in a bank account at BSI's branch in Singapore.

Following this, whistleblower website Sarawak Report claimed that that BSI had received "false documents" from 1MDB in relation to its Brazen Sky Ltd account with the bank.

The website claimed on April 22 that there was no cash in Brazen Sky's account, but only " paper assets ".

This claim appears to have some merit, as the Finance Ministry's written parliamentary reply on May 19 said that the money kept in BSI was not in cash , but just assets.

Second Finance Minister Ahmad Husni Hanadzlah blamed the mistake on wrongful interpretation and described the contents of Brazen Sky Ltd's account as " units ".

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