David Parker has been forced to resign his cabinet posts after making an allegedly false declaration on a company form.
I was surprised to find that ministers were allowed to be directors anyway. British ministers can't - the UK Ministerial Code is quite firm that "Ministers must resign any directorships they hold when they take up office". Our cabinet manual just requires them to be declared - I think this is something the government should look at - they're reasonably well paid for a full time job and shouldn't really need side interests.
The Herald (along with the usual not-exactly-unblemished wingnuts -thank you Russell Brown for the reference) suggests he might be prosecuted. I guess this rests on whether there was any material problem with the business. Parker should probbaly get the books audited pronto - if this shows that everything is above board, then I'd think that the chances of a prosecution and conviction are slight, and he might have some hopes of getting back into politics. If however there was actual sticky-fingeredness, then he's in trouble - and rightly so!