Take a following stapes
1) Make a police complaint immediately.
2) Issue a show cause notice
3) Suspend from the duties w.e.f.
Thanks & Regards,
Assistant Manager – HR
Krishidhan Seeds Pvt. Ltd.
+ 91 9890845553
Please check all the dues ( Bonus , Medical , LTA ) that your company has to pay to him . Still some more is pending from his side to pay , depending on the amount you can take decision . With immediate effect issue a termination letter mentioning the reason that he has betrayed the company.
Unless recovery amount is more no need to go for legal notice . Issue of Legal notice better rather approaching police department.
Go whichever is better option which doesn't gives more trouble to your company . Solve the issue in smooth way otherwise it back fires you . Your Management question you about your monitoring capabilities.
So take dicision wisely.