tens of thousands of dollars from his local employer concluded on Friday.

Throughout the case, 49-year-old Colin Clive Andrew Cave has denied using company money from his employer, Davison's of Bermuda, without authorisation.

He faces 24 theft charges with amounts ranging from $300 to $25,000 from Davison's. He also denies 12 false accounting offences.

Cave has claimed that his employer, Norman Davison, the managing director and president of Davison's of Bermuda, failed to honour agreed upon terms of employment.

According to Cave, he was hired as the vice-president of the local retail chain.

Mr. Davison also promised the three-year position would include payments for overseas insurance, travel allowances and profit sharing, Cave claimed.

But Mr. Davison fired the former financial controller after only eight months and has denied offering any incentives beyond a basic $65,000 salary.

Mr. Davison also denied offering the vice-presidency to Cave.

But defence lawyer Mark Petingill pointed out that an Immigration form completed by Cave and sent to Mr. Davison showed Cave had expected a three-year position as vice-president.

Cave also told the nine-woman, three-man jury he had given Mr. Davison two US cash lump sums of $6,000 and $3,000.

He claimed Mr. Davison then deposited the money into company accounts to which he (Cave) had access.

But Cave admitted he did not tell Mr. Davison the transaction was to hide his overseas income from US tax collectors.

And Mr. Davison denied receiving cash from Cave. He told the court two deposits cited by Cave corresponded instead to a hotel customer payment and insurance reimbursement.

Mr. Davison has also denied receiving a memorandum and records of a controversial $25,000 wire transfer made by Cave the day after his dismissal.

"You knew that you had left behind a paper trail that would reduce all issues to your word against Norman Davison's,'' Mr. Eccles told Cave.

"There is not a single piece of paper signed by Norman Davison and yourself that could contradict you.'' Lawyers are expected to give their submissions when the trial resumes tomorrow before Puisne Judge Richard Ground.