Dear idi.vijai
Thanks for the essential and additional inputs. I am relieved to know that we are discussing a modern company and an MNC.
Without commenting on the fairness or otherwise, of the act of Termination per se; I would like to tell you that at times the management may indulge in some damage-control exercises to boost the sagging morale of its employees.
The internal mails circulated, constitute propaganda tools of this nature. Since it is an internal communication, the affected (terminated) employees can do little about it.
However, it is an entirely different thing, if it is extended to public domain - either on the net,TV or print media. Under such circumstances, the company would make itself liable to be sued for libel and slander; and the damages can be quite high. No company can indulge in such adventures unless the person has been convicted of criminal charges in a court of law or matters pending police action; as otherwise the company shall have to prove that its imputations and accusations are true.
Under the circumstances cited by you, I suggest that you can rest assured that the matter will not cross organization boundaries.
Warm regards.