Overview

• Pannell admitted in the Supreme Court to selling his shares in the racehorse Aimee’s Jewel after asset-freezing orders barred any disposal of his holdings
• He appeared via video link from Sale’s Fulham Prison without private legal representation and acknowledged he lacks assets to satisfy the $8.7 million civil claim
• SeaRoad Shipping alleges Pannell orchestrated a decade-long false-invoice fraud worth about $8.7 million by issuing up to 10,000 bogus container repair invoices through ICSA
• In early June he fled a police arrest warrant, crashed into a tree on a rural Victoria road and was airlifted to hospital before being taken into custody
• Next week he is scheduled to plead guilty to separate charges including theft of a Hyundai Tucson, theft of a mobile phone and multiple driving offences