The businessman at the centre of the controversy around Winston Peters says the New Zealand First Party leader will now have to face the consequences of his behaviour.
The Privileges Committee has recommended Mr Peters be censured over a donation of $100,000 by Owen Glenn's to his legal costs.
In a majority decision, the committee found he knowingly provided false or misleading information on a return of pecuniary interests.
Only New Zealand First and Labour MPs on the committee voted against this step being taken against Mr Peters.
Mr Glenn told Morning Report he does not understand why everyone had to go through the process when Mr Peters' behaviour was clearly inappropriate and he was bound to get found out.
He says he personally would not vote for someone who couldn't tell the truth.
The report will be debated in Parliament on Tuesday and a vote held on whether to accept it.
Separately, the head of the Serious Fraud Office met Attorney-General Michael Cullen after accusations of political interference by New Zealand First. Mr Peters says the investigation is politically motivated.