Brad
Unlikely that DL is implicated if he is still in office.
From the report and interview on the BBC last night the Airport (GM) said that they were initiating legal action against Parkin and the late Finance Director (his estate?).
It also stated that the Chair of the Board had resigned; not surprisingly if the Board 'missed' the fact that 2 directors sleeved £8+m! Unfortunately local councillors and business rarely mix successfully and this is another episode that highlights the dangers of the 'lead by the hand' management style required when dealing with these people.
What chance of recovering the money? Probably little.