Retract (verb)

To take back or withdraw (a statement, accusation, etc.) as being false or unjustified.

Origin:

From the latin retractare, meaning "to draw back" or "to withdraw". the word first appeared in english in the late 16th century.

Examples:

1. He was forced to retract his statement after it was proven false.
2. She had to retract her accusations after realizing she was mistaken.
3. The company had to retract its announcement of a new product after it was found to be counterfeit.
4. The newspaper had to retract its story after it was sued for libel.
5. The scientist had to retract his paper after it was found to contain errors.