It is now common to suspend employees prior to termination. This allows companies and departments to arrange the paperwork, severance pay, various legal procedures, etc. while the employee sits out his termination safely away from his place of work.
That is what my old company did. If you a received a "3 day suspension" you'd better be using your time off pounding the pavement.
But you're still missing the point. This is not a man about to be terminated for missing too many days last month.
The actions of this man are clearly criminal and he should be charged with the crime he appears to have been committed.
"termination" should be the very least of his problems at this point and if there were justice, he'd be worried about his new room mate named Bubba.