PKR vice president Nurul Izzah Anwar said the resignation of the 1MDB board of directors will not absolve them from the mismanagement in the state-owned fund.

She said this after the 1MDB board of directors today offered to resign following the release of the Public Accounts Committee (PAC) report today on the company's failings.

"Malaysians, who through its government, will inherit as much as RM 20.3 billion debt risk exposure - thanks to 1MDB - must demand accountability.

"Among the top of the list of accountability are the board of directors - including former 1MDB chief executive officer Shahrol Azral Ibrahim Halmi.

"They must sternly be reminded that resigning doesn't relieve accountability of decisions they have made to the detriment of Malaysia's coffers," she said in a statement today.

Nurul Izzah also hailed the report as a vindication of whistleblowers such as jailed former opposition leader Anwar Ibrahim and detained PKR secretary-general Rafizi Ramli.

"It is precisely due to the insistence and courage of whistleblowers that the 1MDB rot is now public.

"Our whistleblowers should rightly be freed for exposing 1MDB's shenanigans," she said.

Wait on charges brought by AG

Rafizi was on Tuesday arrested for revealing Lembaga Tabung Angkatan Tentera (LTAT) links to 1MDB, in which he released documents believed to be under the Officials Secrets Act.

If found guilty, he could be jailed between one to seven years.

Anwar is presently serving a five-year jail term after being found guilty for sodomy in February last year, a charge he claimed is politically motivated.

Nurul Izzah said that all eyes are also now on the police if they will act on the PAC report.

"The wait will be on eventual charges to be brought by the attorney-general, following police recommendations, against those responsible for this financial mess; beginning with members of the board.

"We must not tolerate more sloganeering and excuses.

"Malaysians have been kept in the dark with series of lies and political charades. It is high time we get the country and our credibility back in order," she said.