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People of the Philippines Vs. Timothy J. Desmond/Virginia De Los Santos-Dio, authorized representative of H.S. Equities Ltd., et al. Court of Appeals., et al.

VIRGINIA DE LOS SANTOSDIO, as authorized representative of H.S. EQUITIES, LTD., and WESTDALE ASSETS, LTD., Petitioner, vs. THE HONORABLE COURT OF APPEALS, JUDGE RAMON S. CAGUIOA, in his capacity as Presiding Judge of Branch 74, Regional. Trial Court, Olongapo City, and TIMOTHY J. DESMOND, Respondents. G.R. No. 178947 _______________________ PEOPLE OF THE PHILIPPINES, Petitioner, vs. TIMOTHY J. DESMOND, Respondent. G.R. No. 179079

G.R. No. 179079/G.R. No. 178947 | 2013-06-26

SECOND DIVISION

DECISION 

PERLAS-BERNABE, J.: 

Before the Court are consolidated petitions for review on certiorari1 assailing the November 8, 2006 Decision2 and July 19, 2007 Resolution3 of the Court of Appeals (CA) in CA-G.R. SP No. 88285, upholding the validity of the trial court’s dismissal of separate criminal informations for estafa against private respondent Timothy J. Desmond (Desmond) due to lack of probable cause.

The Facts

In 2001, petitioner Virginia De Los Santos-Dio (Dio), the majority stockholder of H.S. Equities, Ltd. (HS Equities) and authorized representative of Westdale Assets, Ltd. (Westdale),4 was introduced to...