Hi
During the internal check we found that one of our employee who is the Branch Incharge has misappropriated money received from our customers for payment by not depositing in the bank and misused the same for his personal use.
During investigation he confessed and given in writing about the misuse of company money.
Now kindly guide me for the following
1. Can we terminate him straightaway immediately without any show cause/chargesheet for misuse of company funds. Is it legal? Else suggest necessary action to be taken
2. Can the misused money be recovered from his Gratuity Payable and his salary payable for this month. The misused money is more than his gratuity payable. He is not in a position to return back the misused money
3. Do we need to get his consent in writing for recovery of amount from his gratuity
Immediate reply will be most helpful to take action.
Regards
erv
During the internal check we found that one of our employee who is the Branch Incharge has misappropriated money received from our customers for payment by not depositing in the bank and misused the same for his personal use.
During investigation he confessed and given in writing about the misuse of company money.
Now kindly guide me for the following
1. Can we terminate him straightaway immediately without any show cause/chargesheet for misuse of company funds. Is it legal? Else suggest necessary action to be taken
2. Can the misused money be recovered from his Gratuity Payable and his salary payable for this month. The misused money is more than his gratuity payable. He is not in a position to return back the misused money
3. Do we need to get his consent in writing for recovery of amount from his gratuity
Immediate reply will be most helpful to take action.
Regards
erv