Father who 'lavished expensive gifts on model daughter' declared bankrupt An investigation by the Financial Services Authority found his company, insurance company Motorcare Warranties, had left a trail of victims whose policies were worthless. A bankruptcy hearing in the High Court banned Panesar from setting up a new business. But Mr Panesar has now been found in contempt of court by launching up a new insurance company. High Court judge Mr Justice Eder ruled Panesar was in contempt for "wilful interference with the administration of justice" and warned him: "All options remain open including a sentence of imprisonment." Sentencing has been adjourned until next month. Mr Panesar said: "It's one of those things. I'm going to appeal. Anysha, now 18, who won Miss Teen Great Britain International, has declined to comment, but a friend said she was "supporting" her father through the crisis. On her Twitter site Anysha describes herself as an international model, TV presenter, pageant coach and full-image image consultant. She has already been crowned America's Perfect Teen and became the first international cover girl on SuperModels magazine. At the time of her 16th birthday party, she was given a Gucci handbag, a £1,500 personalised mobile phone and a pair of £400 sunglasses from her father. He threw a Moulin Rouge-themed party and Anysha wore a £3,000 replica of a Nicole Kidman dress from the film. Musicians N-Dubz and DJ Ironik provided entertainment, while guests enjoyed a £500 rotating Moulin Rouge cake