Corruption and unaccountability rampant at all ranges had to be quickly eradicated. For example, the GTO found, to their horror, that the day by day collections of coins, concession cards and bus tickets had been stored unlocked in department workplaces and depots with out correct accounting and security measures in place. Anyone could assist themselves to the money and gadgets. Part managers had their very own vested pursuits; they ran their own hardware companies or petrol stations outside of work, and incessantly made purchases on behalf of the company without proper quotes or tenders.
The transformation of SBS was so successful that the federal government decided to listing it on the Singapore Stock Alternate in 1978 as Singapore Bus Service Restricted. By the end of 1979, the government determined that SBS was in good arms and withdrew its group of 38 officers (of whom 19 selected to stay) seconded to the corporate. In 2001, SBS was renamed SBS Transit Limited to mirror its new standing as a bus and rail operator.
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