Yes, people lie all the time and, until they prove that they have not, the company is entitled to pursue it's charges.
With regards to the subject matter I suggest that this is NOT the beginning of the end of MoL. He will continue until he is ousted or he dies in harness. He cannot help himself, he has to continue.
Will this change anything? Not in the first year. You try changing a culture that has been built into every brick of the company for some 25 years. It will require an enormous effort by mgmt, they will have to define new rules and then ensure they do not get an overs wing of behaviour that costs a fortune.
FR was always going to reach the point at which it reached a natural plateau of income. Most companies take 50 years to reach that - he has arrived there sooner than others and all credit to him.
By the way, Europe is in the middle of the deepest recession since the depression.