A charitable scheme to supply cars for disabled people in exchange for their state disability allowance has been slammed by MPs after it emerged that its chief executive was taking £1.7 million a year out of the scheme.

This was the “totally unacceptable” salary paid to Mike Betts the CEO of Motability Operations, a taxpayer-funded monopoly organisation with no competitors that pays some of its other directors £1+ million salaries and allows banks to rake off £700,000 a year from their involvement. Motability is also hoarding £2.4billion of public money and Betts lives in a £5million flat overlooking Tower Bridge.

Initial investigations into the greed at Motability were carried out by the Daily Mail and the firm is now being probed by the National Audit Office (NAO).