Parliamentary Commissioner Sir Philip Mawer was tasked to launch an inquiry on whether the deputy prime minister had breached ministerial codes of conduct.
This was in light of the controversial stay of John Prescott in the Colorado estate of casino tycoon Philip Anschutz and the gifts that he reportedly received from the billionaire.
And now that the reports have come out, sources say that the Commons standards committee will be likely to only give Prescott a mild rebuke. Sources say that Prescott will possibly only receive only a 'slap on the wrist' because he has already registered the visit to the ranch following the issue becoming public.
The matter is scheduled to be discussed when the standards and privileges committee meets at 0930 BST on Wednesday.
Prescott has rejected what he called "wild charges" that he was guilty of corruption.
"Surely by giving such privileged access to one of the bidders, you have seriously compromised the whole bidding process for Britain's only regional casino?" Conservative MP Greg Hands asked the deputy prime minister on Commons exchanges on Tuesday.
Prescott then retorted by saying that the MP has been "reading too many press cuttings".
"Let us be clear, that I was not associated in any way with the planning of the Dome or the sale of the Dome and the decisions were taken in the department by other ministers which I informed this House about," he said.
"As for meeting Mr Anschutz...I did promise at the beginning when I met him to see if he was carrying out the obligations of the new development of the Dome, which meant 10,000 new homes, 24,000 jobs, UK Pounds 5bn in private investment," he added.
Sunday, 13. 2006
Brian Letendre