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People vs. Que Po Lay 094 Phil 640

THE PEOPLE OF THE PHILIPPINES plaintiff-appellee, vs. QUE PO LAY, defendant-appellant.

G.R. No. 6791 | 1954-03-29

D E C I S I O N



MONTEMAYOR, J.:

Que Po Lay is appealing from the decision of the Court of First Instance of Manila, finding him guilty of violating Central Bank Circular No. 20 in connection with section 34 of Republic Act No. 265, and sentencing him to suffer six months imprisonment, to pay a fine of P1,000 with subsidiary imprisonment in case of insolvency, and to pay the costs.

The charge was that the appellant who was in possession of foreign exchange consisting of U.S. dollars, U.S. checks and U.S. money orders amounting to about $7,000 failed to sell the same to the Central Bank through its agents within one day following the receipt of...