6/30/2021 E-Library - Information At Your Fingertips: Printer Friendly xxxx 3rd. The penalty of arresto mayor in its maximum period to prision correccional in its minimum period, if such amount is over Forty thousand pesos (P40,000) but does not exceed One million two hundred thousand pesos (P1,200,000). 4th. By arresto mayor in its medium and maximum periods, if such amount does not exceed Forty thousand pesos (P40,000): x x x. [38] See People v. Racho, supra note 36. Source: Supreme Court E-Library This page was dynamically generated by the E-Library Content Management System (E-LibCMS) https://elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/66642 13/13