no previous criminal convictions, jurors heard yesterday.

The two co-accused are 49-year-old Varnel Curtis and Cecil Durham, 56.

There was no evidence given on the record of the third co-accused, 61-year-old hotel security chief Milton Woods.

The Supreme Court trial before Puisne Judge Richard Ground saw the prosecution wrap up its case and the hearing was adjourned in the late morning yesterday.

Jurors were told they need not return until Monday, unless otherwise notified.

Legal arguments -- which cannot be reported -- are expected to dominate today's session.

Former Bank of Bermuda chief Todd, 57, of Pearman's Hill, Warwick, is charged with 17 counts of theft, fraud and false accounting. He allegedly committed the offences between 1985 and 1990.

The prosecution claims he submitted bogus loan applications and used several companies to disguise his actions.

Facing allegations relating to the charges against Todd are Curtis, of St.

Anne's Drive, Southampton; Woods, of Old Road, Southampton; and Durham, of Ramgoat Hill, Smith's Parish.

The four accused deny all charges, which involve around $1.2 million.

In yesterday's morning session, Sgt. Peter Morgan, who investigated the case, continued testimony from the witness stand.

Sgt. Morgan and Crown Counsel Michael Pert, QC, read out a statement Todd gave to Police in September, 1993.

In it, Todd said he had worked for the Bank of Bermuda for just over 25 years, starting out as a teller.

For a few years he held the post of manager of loans and manager of personal banking.

He was also a supervisor at the Church Street branch, becoming manager.

Todd told Police he joined the loan department in the mid to late 1970s.

Asked what were basic loan principles, Todd replied debt serviceability, income security, history with the bank, collateral and character.

Todd's attorney, John Perry, QC, asked Sgt. Morgan whether his client had been cautioned before making the statement.

Sgt. Morgan said he had.

Continued Mr. Perry: "It follows from that that Todd would have been entitled not to answer any questions. However, he did answer questions.'' He went on to ask Sgt. Morgan whether Todd had any previous criminal convictions. Sgt. Morgan said he did not.

Mr. Perry then highlighted Todd's community activities.

He asked Sgt. Morgan whether he was aware Todd had played football for Bermuda.

"I was not aware of that,'' said Sgt. Morgan.

Mr. Perry continued by saying Todd, among other things, had been a Government appointee on various boards -- including education, tourism and the Human Rights Commission -- and had been on the Bermuda College board and chairman of the Berkeley Institute board of governors.

He added Todd had maintained an active interest in the education system and once earned an "outstanding man of the year'' award.

Mr. Perry asked Sgt. Morgan whether Todd had been cooperative during the interview.

"To the extent he answered certain questions,'' replied Sgt. Morgan.

Delroy Duncan, representing Curtis, asked Sgt. Morgan whether his client had any previous criminal convictions. Sgt. Morgan said he did not.

Mr. Duncan asked the same question of Durham, the client of Julian Hall, who was not present at yesterday's hearing.

Sgt. Morgan replied Durham did not have any previous criminal convictions.

Arnold Todd