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PARIS — Amid fierce accusations of favoritism, President Nicolas Sarkozy’s son renounced his candidacy Thursday for the leadership of the organization that runs France’s most important business district.

Jean Sarkozy, a 23-year-old law student, said he would run to join the council that oversees La Defense in a vote today, but that accusations of favoritism had led him to reconsider his decision ultimately to seek its presidency when that vote is held Dec. 4.

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