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Theresa Macalalag vs. People of the Philippines.

THERESA MACALALAG, Petitioner, versus PEOPLE OF THE PHILIPPINES, Respondent.

G.R. No. 164358 | 2006-12-20

FIRST DIVISION
 
D E C I S I O N 
 
CHICO-NAZARIO, J.: 
 
This Petition for Review seeks to set aside the Court of Appeals' 10 October 2003 Decision[1] convicting petitioner Theresa Macalalag (Macalalag) of Violation of Batas Pambansa Blg. 22, and its 13 May 2004 Resolution denying her Motion for Reconsideration. 
 
The factual and procedural antecedents of this case are as follows: 
 
On two separate occasions, particularly on 30 July 1995 and 16 October 1995, petitioner Theresa Macalalag obtained loans from Grace Estrella (Estrella), each in the amount of P100,000.00, each bearing an interest of 10%...