Story highlights Michel Platini says he won't run for FIFA president

Platini was suspended by FIFA for eight years last month

He currently heads UEFA, the governing body for European soccer

(CNN) UEFA President Michel Platini told The Associated Press that he has withdrawn his name from the FIFA presidential election.

Platini is one of several high-ranking officials who has been suspended from world soccer's governing body in recent months in connection with corruption probes.

In December , FIFA's Ethics Committee handed Platini and FIFA President Sepp Blatter an eight-year ban from "all football-related activities."

The committee said both bans centered around a payment of 2 million Swiss Francs from FIFA to Platini.

Both Blatter and Platini deny any wrongdoing and say they will appeal their suspensions.

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