Dear Colleague,
If there is nexus between the criminal act and the company's business and the same also constitutes 'Misconduct' under the MSO/SR , then only legal way is to issue him the charge-sheet, place him under suspension pending enquiry, pay subsistence allowance during the period of suspension, hold and complete the domestic enquiry in accordance with well established procedure and if found him guilty, award
punishment proportionate with the gravity of the misconduct proved and his past record.
If dismissal is the appropriate punishment , then issue him Show cause notice for the proposed dismissal before executing the order of dismissal.
Regards,
Vinayak Nagarkar
HR- Consultant