STB revokes Sheen Yeow Travel’s licence over concerns of false financial statements
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STB said the revocation was made as it had reason to believe that the company had submitted falsified information “for some years”.
ST PHOTO: NG SOR LUAN
- Sheen Yeow Travel’s licence was revoked by the Singapore Tourism Board due to concerns over falsified financial statements submitted for several years.
- The company must refund customers or transfer obligations to licensed agents following the licence revocation.
- STB emphasised its commitment to protecting Singapore’s travel industry reputation and will take strict action against dishonest agents.
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SINGAPORE – Sheen Yeow Travel will no longer be allowed to carry out any travel agent activities after the Singapore Tourism Board (STB) raised concerns about the authenticity of its financial statements.
In a statement on Oct 6, STB said the travel agent’s licence has been revoked.
This means it must refund all existing customers or hand over its existing obligations to licensed travel agents to fulfil.
STB said the revocation was made as it had reason to believe that the company had submitted falsified information “for some years”.
“STB’s review of Sheen Yeow Travel’s submissions revealed concerns about the authenticity of the financial information provided,” it said.
The board added that it takes a serious view of errant travel agents and will not hesitate to take necessary actions to protect the reputation of Singapore’s travel industry.
For the most up-to-date list of licensed travel agents in Singapore, members of the public can visit https://trust.stb.gov.sg/