Corruption and unaccountability rampant in any respect levels had to be quickly eradicated. For example, the GTO found, to their horror, that the each day collections of coins, concession playing cards and bus tickets have been stored unlocked in department offices and depots without proper accounting and safety measures in place. Anybody could assist themselves to the cash and gadgets. Part managers had their very own vested pursuits; they ran their very own hardware businesses or petrol stations outside of labor, and frequently made purchases on behalf of the corporate without proper quotes or tenders.
The transformation of SBS was so successful that the government decided to list it on the Singapore Inventory Alternate in 1978 as Singapore Bus Service Limited. By the top of 1979, the federal government determined that SBS was in good fingers and withdrew its team of 38 officers (of whom 19 chose to remain) seconded to the corporate. In 2001, SBS was renamed SBS Transit Restricted to reflect its new standing as a bus and rail operator.
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