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MALAYSIA MAHATHIR SAYS 1MDB FUND VANISH, DEMANDS PM RESIGN

KUALA LUMPUR - Malaysian former Prime Minister Mahathir Mohamad on Thursday launched the fiercest yet in a series of attacks on the country's prime minister, demanding he account for the disappearance of billions of dollars borrowed by state fund 1MDB, or resign.
"It is this disappearance of a huge amount of borrowed money by 1MDB and the inability to answer questions regarding what happened to the funds that disqualifies Najib from being prime minister of Malaysia," the 89-year-old wrote in his blog.
Najib Razak chairs the advisory board of 1Malaysia Development Berhad (1MDB), a power plant and property fund whose 42 billion ringgit ($11.58 billion) debt has weighed on Malaysia's sovereign rating and the ringgit in recent months.
However, the prime minister has ordered an audit of 1MDB's accounts by the country's Auditor General.

Source: AsiaOne
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