Egyptian court dissolves Mubarak's former ruling party

CAIRO (AP) - An Egyptian court has ordered the dissolving of the country's former ruling party and the confiscation of its assets, meeting a major demand of the protest movement that ousted President Hosni Mubarak.

The Supreme Administrative Court has announced the verdict on Saturday, ordering the National Democratic Party to disband and hand over its assets and offices to the state.

Lawyers had raised a suit demanding its dissolution, accusing the party of corruption. The move was the latest concession by Egypt's military rulers to demands of the protest movement, coming days after the ousted Mubarak and his sons were put under detention for investigation on allegations of corruption and involvement in the killing of protesters.

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