Opposition party files lawsuit against PM and state fund 1MDB, calls for election

A Malaysian opposition party on Wednesday filed a lawsuit against Prime Minister Najib Razak and the indebted state fund 1Malaysia Development Berhad, saying they had violated electoral rules and a new election should be held.

1MDB, whose advisory board is chaired by Najib and which has debts of more than $11 billion, is under investigation for graft and financial mismanagement. The affair has triggered a political crisis for Najib.

The Wall Street Journal reported in July that investigators looking into 1MDB found that nearly $700 million was deposited into Najib's accounts. Reuters has not verified the report.