1Malaysia Development Berhad's (1MDB) board of directors has accused the media of biased reporting.

"It is clear from the selective presentation of facts, lack of supporting evidence and biased reporting that an attempt is being made to shape public opinion ahead of the Public Accounts Committee (PAC) and the auditor-general completing their reviews.

"The search for truth must be fact-based and conducted by trustworthy, unbiased and impartial parties.

"A trial by media is of no benefit to any party who is genuinely interested in the truth," they said in a brief media statement.

The board vowed to fully cooperate with and would only reply to questions posed by the bi-partisan PAC, the auditor-general and relevant regulatory authorities.

"In the meantime, the board requests all parties to respect the review process being led by the auditor-general (as directed by the cabinet) and to await the outcome of PAC hearings which commence this week," said the directors.

1MDB, which is touted as the brainchild of Prime Minister Najib Abdul Razak, has been trapped in an avalanche of allegations.

The firm's massive debt and questionable business transactions have drawn flak from the opposition as well as former premier Dr Mahathir Mohamad.

Mahathir has used the 1MDB issue as his main tool in attempting to force Najib to resign.

The preliminary findings of the audit is scheduled to be revealed at the end of June.

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