Domingo Solano has withdrawn his candidacy for International Boxing Association (AIBA) President, leaving six candidates in contention.
In a statement, AIBA said its Election Committee has received a letter from the Dominican official confirming his withdrawal.
It comes just days after insidethegames revealed that the Dominican Republic Boxing Federation (FEDOBOXA) - which nominated Solano for the AIBA Presidency - has been provisionally suspended on suspicion of four disciplinary breaches after it attempted to pay membership fees for nine countries so they could vote at AIBA's Congress.
FEDOBOXA denied wrongdoing and claimed that Solano was unaware of the payment and would have warned them against it had he known.
Last week, AIBA suspended nine countries over the matter - the Dominican Republic, Antigua and Barbuda, Bermuda, Haiti, Suriname, Domincia, Saint Maarten, the US Virgin Islands and the Bahamas.
Anguilla was found not guilty of the charges by the AIBA Disciplinary Commission.
The Congress, where a new President will be elected, is scheduled to take place remotely on Saturday December 12th.
Solano, who has been an AIBA vice-president for 15 years, had led FEDOBOXA for 38 years.
The Dominican's withdrawal leaves six candidates still on the ballot ahead of an election seen as crucial if AIBA is to restore its status with the International Olympic Committee (IOC).