Crow banned from directing

Steve Crow, organiser of the Boobs on Bikes parade
Steve Crow, organiser of the Boobs on Bikes parade
Porn magnate Steve Crow, the man behind the "Boobs on Bikes" parades, has been banned from directing a company for four years.

The Ministry of Economic Development served the ban on Mr Crow last week under a section of the Companies Act designed to protect the public from directors with a history of failed businesses, the Taranaki Daily News reported.

The ban applies to companies anywhere in Australasia.

The Auckland businessman, co-owns the New Plymouth RSA clubrooms, said the ban arose from two companies he liquidated in 2009.

"Certainly I made some mistakes, but the decision to liquidate two of our trading companies and restructure our operations to slash expenses cost my fellow shareholders and I hundreds of thousands of dollars and was not made lightly," he said.

The ban would not have a significant affect on any of his businesses as he was more of a consultant, he said.

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