Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. Mr Abbott and his bride getting into the Bentley laid on by the SavoyCredit: Paul Grover The Insolvency Service said in a statement that the personal spending was “particularly disquieting”. It said in a lengthy statement that Mr Abbott had accepted the disqualification and did not dispute that Reactiv Media had submitted three invoices totalling almost £340,000 to support a grant application for a tenth of that sum. “These three invoices are not reflected in the company purchase ledgers, the sales ledgers of the two suppliers concerned and the suppliers have confirmed that they did not issue any such invoices,” the Insolvency service said.Reactiv was fined £75,000 by the Information Commissioner’s office in April 2015 for making nuisance phone calls.The fine never got paid while Reactiv Media continued to rack up huge debts, including owing HM Revenue and Customs hundreds of thousands of pounds of unpaid income tax and National Insurance contributions.At the same time, Mr Abbott received £177,664 in “net cash transactions” from Reactiv Media, part of which was spent on his Savoy wedding in central London.David Brooks, of The Insolvency Service, said: “There are three distinct allegations underpinning this disqualification. As a whole, they show a director who flagrantly breached his duties to regulators and company creditors over an extended period. “Facts of this case, which were particularly disquieting, were the £252,071 of personal spending on deposits for two houses in the very month that the unjustified grant funds were given to the company, and the nature of some of the £177,664 of identified personal benefits taken from 1 September 2015: This included at least £55,000 spent on jewellery and Mr Abbott’s wedding.”Mr Abbott was unavailable for comment on Wednesday. He has previously said of the Telegraph’s reporting of his business affairs that “the majority of this information is incorrect”. A cold call tycoon has been banned from running companies for 12 years for a string of offences that included siphoning off funds to pay for a lavish wedding at the Savoy.Tony Abbott, 46, was behind a telephone marketing company that plagued homeowners by making up to 6.5 million unsolicited calls a year.But an investigation by the Insolvency Service after Mr Abbott’s business went bust with £2 million debts uncovered a series of concerns that led to the disqualification.The inquiry found that Mr Abbott’s company Reactiv Media had obtained almost £34,000 of taxpayer funding by submitting seemingly falsified invoices to support a grant application.In the same month in March 2015 that Reactiv Media secured the money from Leeds City Region Enterprise Partnership, Mr Abbott spent more than a quarter of a million pounds on deposits for two houses. The Insolvency Service also found the company had spent £55,000 on jewellery and on Mr Abbott’s wedding to his second wife Stephanie at the Savoy in May 2016. The detached house in Surrey bought as Reactiv Media was going bust The Telegraph had previously investigated Reactiv Mediaand uncovered large spending at a time when the firm was going bust.The wedding ceremony at the landmark hotel was followed by a party on a boat on the Thames and an evening meal back at the hotel. The groom arrived in a Bentley provided by the Savoy. Shortly before the wedding, the couple moved into a mansion in Surrey. Reactiv Media also owned a Bentley Continental, worth £120,000, a £65,000 Porsche Cayenne and a £62,000 Range Rover.