Makudi was suspected of breaching conflict-of-interest ethics rules after the Football Association of Thailand used $860,000 of FIFA funding to build fields and offices on land his family was believed to own.
FIFA says that Makudi had provided documents that showed he donated the land in question to the association.
FIFA says ''no proceedings have been opened against Mr. Makudi and the matter is now closed.''
Makudi got a second four-year term as Thailand soccer association president this year. He's been a member of the FIFA executive committee for 14 years.