Westaway's company trading investigated

A company owned by former St Kilda football club president Greg Westaway is being investigated for insolvent trading after it collapsed.

Liquidator James Koutsoukos, of BRI Ferrier, has told Fairfax News he believes Mr Westaway could face serious charges after Gregorys Transport went into liquidation, owing wages and superannuation to 85 full-time employees and hundreds of contract owner-drivers.

Trading while insolvent can be a criminal offence with fines up to $220,000 and five years in jail.

When the company went into liquidation in November, it had hundreds of trucks repossessed.