KUALA LUMPUR, Sept 30 — Umno president Datuk Seri Ahmad Zahid Hamidi said today recouping the party’s seized assets will be a top priority under his tenure.

In his winding-up speech for the Umno’s 2018 annual general assembly, Zahid said he has assigned the recovery task to former secretary-general and Putrajaya MP Datuk Seri Tengku Adnan Mansor.

"The Supreme Council has given me the mandate to appoint Tengku Adnan to recoup all our assets,” he told delegates here.

Umno reportedly had cash worth over RM200 million seized in relation to the 1Malaysia Development Berhad financial scandal.

Yesterday, Umno Youth deputy chief Shahrir Hamdan urged the party leadership to consider selling off some of its assets to generate money for day-to-day operations of its branches nationwide.

But Zahid denied this in a press at the end of the congress.

"This is so that everyone has a clear picture of the party’s finances," he said.

"There is talk that we have billions of ringgit worth in assets but after initial checks against liabilities, it is not that much.

The cash seizure has left the most of the party operations and machinery paralysed, Zahid had previously said.

The former deputy prime minister has made recouping the assets top priority.