KUALA LUMPUR (Nov 13): Bank Negara Malaysia said it was "validating" documents related to 1Malaysia Development Bhd's (1MDB) US$1.83 billion (RM8.01 billion) offshore investment.

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said the central bank was still asking 1MDB for more documents related to the investment.

"We are validating the documents in relation to the deal," Zeti told reporters who had earlier attended Bank Negara's press conference on Malaysia's third quarter (3Q) gross domestic product (GDP).

She said Bank Negara would not only rely on the form that 1MDB filled up earlier but would also evaluate documents from other organisations involved.

Zeti claimed that Bank Negara did not make any mistake in the 1MDB probe. She said the central bank would take action against individuals or organisations should they not comply with Bank Negara's regulations.

Bank Negara had last month revoked three permissions granted to 1MDB for the US$1.83 billion investment. Bank Negara alleged that 1MDB had breached the Exchange Control Act.

As such, Bank Negara directed 1MDB to repatriate the US$1.83 billion and submit a plan to the regulator.

Today, Zeti also offered Bank Negara's outlook on Malaysia's economy. Earlier, she told reporters the nation was still on track to achieve GDP growth at between 4% and 5% this year.

While the external trade performance was expected to be modest, Zeti said domestic demand would continue to be the main growth driver.

"As a result of structural adjustments that have been steadily undertaken over the years, the economy is now supported by diversified sources of growth," she said.

Bank Negara said the country's GDP expanded 4.7% in the 3Q from a year earlier, helped by export and domestic private sector demand growth.

In quarterly terms, 3Q GDP rose 0.7% from the preceding second quarter. The Statistics Department said in a separate statement that cumulative nine months' GDP grew 5.1% from a year earlier.

Looking at 2016, Zeti said while downside risk to growth remained, Bank Negara expected the economy to expand within 4.5% to 5.5%.