The Finance Ministry and 1MDB should take action against the former board of directors over the debts the state-owned company had incurred, lawyers said today.

They said legal action was needed following the statement that Minister of Finance Incorporated (MOF Inc) had accepted the resignation of the 1MDB board of directors that will come into effect on May 31.

Former Bar Council chairperson Lim Chee Wee wants the new board of director to probe the wrongdoings highlighted in the Public Accounts Committee's (PAC) report on 1MDB that was released last month.