Central to the allegations was a luxury property Gray was renting from Johnston at Cherry Tree Walk in Cherryvalley.
In August 2006 all charges against Johnston were dropped without explanation from the Public Prosecution Service for Northern Ireland.
After his arrest Johnston was forced to sell his business and was expelled from the National Association of Estate Agents.
In 2007 BBC Northern Ireland screened House Traders, a documentary series on Johnston's business.
[4] On 8 February 2013 it was reported that Philip Johnston had been denied a gun license due to his links with paramilitaries.