termination issue

One of our employees was recently cited in a newspaper story describing illegal bidding practices. The story implicated our company as complicit. We had no knowledge of this. We are considering termination - not for practices, which have drawn no criminal recriminations that we know of (we just received the story this morning - a week late, but for failing to tell us of the issue, and explain his actions. Is this justified?
Comments
Susan Fentin
Before terminating this employee, I would review the situation with an employment lawyer.
Good Luck!