'A company providing taxpayer-funded cars for the disabled is hoarding £2.4billion – and paying its boss £1.7million a year.
The cash 'surplus' has been run up by Motability, a charitable scheme run by chief executive Mike Betts. Thanks to bonuses, incentives and pension payments, he pocketed 11 times as much as the Prime Minister in 2017, a Daily Mail investigation reveals.
The firm offers a fleet of vehicles to wheelchair users and others in return for part of their State disability allowance. If it handed the £2.4billion to the Treasury it could fund 68,000 police officers for a year, the building of two hospitals and also cover prostate cancer research for a decade.
MPs have called for an investigation and demanded the money be returned. A Motability insider admitted there was 'nervousness' within the company about its cash reserves and it feared it was 'only a matter of time before the Treasury notices and makes a bid to claw the money back'.
John Mann, a Labour member of the Commons Treasury committee, said the cash hoard was scandalous.
'It is outrageous – money for old rope,' he added. 'They have a monopoly, it is the simplest of schemes, with no risks involved. This money should immediately be returned to the Treasury and used to help the disabled.'
Read more: Revealed: Boss of car scheme for the disabled is on £1.7million... and YOU pay: MPs question Motability's lavish salaries and its £2.4billion cash stockpile
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