Resignation of Embattled Malaysia fund’s board

The political scandal has gripped Malaysia, which has seen protests calling for Mr Najib’s resignation.

Mr Najib, who has also been accused of misappropriating funds, has been cleared by Malaysian authorities.

1MDB, which racked up billions of dollars in debt, was set up by PM Najib Razak to promote development.

1MDB has faced repeated allegations of corruption, but has previously denied all wrongdoing.

The entire board of a Malaysian state fund has offered to resign, after a parliamentary inquiry found it failed to carry out its responsibilities.

The inquiry identified issues in 1MDB’s financing and performance, saying it was “unsatisfactory”.