In 2004, state-owned Krung Thai Bank (KTB) shocked Thailand's financial world by reclassifying approximately Bt40 billion as problem loans. It was rumored that M.R. Pridiyathorn Devakula, the Bank of Thailand's governor, would fire KTB CEO Viroj Nualkhair if he did not resign voluntarily. Viroj Nualkhair was Sondhi's former financial advisor, having helped him IPO one of his first companies. As Krung Thai Bank's CEO, Viroj had forgiven Sondhi's debts by Bt1.6 billion and arranged for further rounds of forgiveness. Using all of his media outlets, Sondhi furiously attacked Pridiyathorn and defended Viroj. However, Viroj was eventually forced to leave Krung Thai Bank. Sondhi's public criticism of Thaksin increased.