SHAH ALAM, Oct 10 — Nearly RM15.5 billion in seized assets and collected penalties have been successfully recovered by enforcement agencies under the Madani government’s administration, said Prime Minister Datuk Seri Anwar Ibrahim.
The agencies responsible for retrieving the assets and penalties include the Malaysian Anti-Corruption Commission, the Royal Malaysia Police, the Domestic Trade and Cost of Living Ministry, the Royal Malaysian Customs Department, and the Malaysia Competition Commission.
When tabling Budget 2026 today, he said the police had also dismantled organised illegal syndicates operating in Penang and Port Klang.
“This is what we mean when we emphasise governance in administration. Imagine, funds that were plundered and stolen, amounting to RM15.5 billion, have been recovered within just two years.
“It cannot be denied that such leakages were allowed to persist for so long due to a lack of political will and weak enforcement,” he told the Dewan Rakyat today.
Anwar added that the enforcement agencies' capabilities will be further strengthened next year through training and asset acquisitions, with an allocation of over RM700 million.
The Customs Department will introduce a digital tax stamp to curb counterfeiting and address revenue leakages at the country’s entry points by installing CCTV systems at central inspection complexes.
Simultaneously, the e-invoice system will be fully implemented next year, along with a self-assessment stamp duty system to encourage better tax compliance and expedite tax refund processes.
In addition, the government plans to limit vehicle tax exemptions in Langkawi and Labuan to vehicles valued at no more than RM300,000 to prevent the incentive from being abused.
