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Family, peers remember slain teenager
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Auto Industry 1991-2000
Initially, it had been proposed to start the auction on November 12, and applications were supposed to be accepted only in Nizhny Novgorod region and Saransk. In fact, GAZ tried to sell its shares to loyal management of allied industries. However, GKI managed to uphold the sale of GAZ shares at an All-Russian auction. Fifty percent of the charter capital was put up for sale instead of 30% as the plant's administration had proposed. Then, as a result of a reappraisal of GAZ's property (mainly social and cultural amenities), the block of shares increased to 50.7%.
The auction was subsequently declared invalid. The State Committee set up after governor Boris Nemtsov petitioned the government with a letter about irregularities during the auction sent documents to the Russian prosecutor's office.
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