In a shocking new expose, a whistleblower site has revealed that the problematic 1Malaysia Development Berhad (1MDB) had presented falsified documents pertaining to its accounts in Singapore.

Sarawak Report yesterday reported that it has been passed new evidence that shows Swiss private bank BSI Bank has dismissed documents supplied by 1MDB, saying they are false bank statements since the documents did not originate from them and does not represent a true account of the assets of the 1MDB subsidiary.

The claims of falsified documents could be the reason why Najib gave such a ‘bewildering’ reason as to why the funds could not be repatriated back to Malaysia, says DAP MP Tony Pua.

The documents in question pertain to the BSI Bank Ltd. Singapore accounts of 1MDB’s wholly-owned subsidiary Brazen Sky Limited, wherein, reportedly, the cash and assets of the ‘retrieved’ 1MDB offshore funds of US$1.1 billion were kept.

On March 11, Finance Minister and Prime Minister Najib Razak had issued a Parliamentary reply to DAP MP Tony Pua that the US$1.1 billion was redeemed from Brazen Sky’s Cayman Islands offshore fund, and is being ‘kept’ at BSI Singapore.

The new expose by Sarawak Report now seems to have blown this claim completely out of the water.

Furthermore, separate insider information gained in Singapore by Sarawak Report has corroborated that there is no actual cash in the relevant Brazen Sky Limited account.

Pua, who has been one of the most vocal critics of 1MDB since 2009, in a statement said this new revelation could explain why Najib had provided a ‘baffling’ excuse as to why the funds could not be repatriated back to Malaysia.

“During my press conference held on March 11, I had at the time expressed my bewilderment to the reason given by the Minister for not repatriating the money back to Malaysia to repay its debts which were due. The Minister said that 1MDB is maintaining its cash holdings outside of Malaysia in order to specifically avoid the hassle of requiring BNM approval every time it needs to transmit money exceeding RM50 million overseas,” Pua, who is also a Public Accounts Committee member, said in a statement.

“It is bewildering, because we have a wholly-owned Finance Ministry subsidiary claiming that it is evading scrutiny from its own Malaysian Central Bank,” he added.

However, based on this expose, Pua said he now has doubts on Najib’s reply in Parliament which claimed that the retrieved US$1.1 billion has been deposited as ‘cash’ in BSI Singapore.

“This could have been the reason why the Minister was forced to give an incredulous excuse as to why 1MDB wouldn’t repatriate the cash back to Malaysia to repay its debts,” he said.

“Is our Minister of Finance aware that there are falsified bank statements distributed by 1MDB Directors who gave the wrong financial position of the outrageously indebted 1MDB? Were the independent auditors, Deloitte Malaysia who signed of the March 2014 financial report on 5 November 2014, also duped by the fraudulent statement?” he questioned.

Pua said that Najib must now confirm if the reply he (Najib) gave in Parliament is the truth, and that Najib cannot expect Malaysians to ignore the fact that US$1.1 billion (RM4 billion) has simply ‘vanished’ from 1MDB’s books.

– The Rocket