He resigned from the his post in early March 2007 in order to accept appointment as finance minister, replacing Pridiyathorn Devakula, who abruptly resigned.
Pridiyathorn Devakula defended the FIDF transaction, saying that it was transparent.
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However, the FIDF is a financial institution under the direct supervision of the Bank of Thailand, which at the time of the transaction Pridiyathorn Devakula was Governor.
He was succeeded as governor of the Bangkok of Thailand by Tarisa Watanagase, the first woman to head the BoT.
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Pridiyathorn sparked controversity in his dealings with Jaruvan Maintaka of the junta-appointed Assets Examination Committee.
She succeeded Pridiyathorn Devakula, who was appointed finance minister in the interim government.