Corruption and unaccountability rampant at all ranges needed to be shortly eradicated. For instance, the GTO found, to their horror, that the every day collections of coins, concession cards and bus tickets have been stored unlocked in department workplaces and depots without proper accounting and security measures in place. Anyone may assist themselves to the money and objects. Part managers had their very own vested interests; they ran their very own hardware businesses or petrol stations exterior of labor, and incessantly made purchases on behalf of the company with out correct quotes or tenders.
The transformation of SBS was so successful that the federal government decided to record it on the Singapore Inventory Alternate in 1978 as Singapore Bus Service Restricted. By the tip of 1979, the federal government determined that SBS was in good arms and withdrew its crew of 38 officers (of whom 19 chose to remain) seconded to the company. In 2001, SBS was renamed SBS Transit Limited to mirror its new standing as a bus and rail operator.
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