Scott Smith told the Record last year how a man barricaded himself in a loft and was threatening officers.
The 43-year-old said he helped police talk to the man before finding a shotgun hidden in the attic.
He told the Criminal&nbsp;Allegations Against Police Division an officer asked him to conceal or dispose of the weapon at the scene.
But a probe has concluded there is not enough evidence to take action against him. A man has since been charged.
Scott, from Holytown in Lanarkshire, said: "I had nothing to gain from lying about this. We're lucky we escaped with our lives." A police spokesman said: "The matter was assessed by Police Scotland's Professional Standards Department and no further action was required.
The Crown Office and Procurator Fiscal Service said: "As is standard practice, the Crown reserves its right to prosecute in the future should further evidence become available.

Officer cleared of hiding a shotgun in house siege

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.