The "lies" and "fabrications" were allegedly part of a complex plan to cheat his wife out of a fair divorce settlement. It is thought he had tried to hide his wealth by concocting a gambling addiction.
Dr Imtiaz Majid is also said to have used his brothers in the scam - which allegedly included a bank transfer of £250,000 and a house sale in excess of £100,000.
Dr Majid was also said to have kept his wife Uzma, who at one stage left him to go to a woman's refuge in London, "continually short of money" and in a house which was "inadequately furnished and heated".
Sheriff Galbraith ordered Dr Majid to pay Uzma Majid, who cares for their two children, a lump sum of £150,000 to correct the "economic imbalance" she had suffered during their marriage.
If it wasn't for the fact that Dr Majid failed the vetting process he may well have become an SNP MP for Coatbridge, Chryston & Bellshill.
Dr Majid is no stranger to controversy - he was previously involved in heated arguments with Julie McAnulty. Ms McAnulty was subsequently embroiled in a racism row involving Mr Majid.
There were also allegations that Julie McAnulty had refused to sit next to Mr Majid at meetings.