Transferring end of service benefits to absconding employee

Hi,

We have an employee who has taken half a million and fled the country.

We have cancelled his visa (out of the country) and now awaiting his signature on the EOSB calculation to transfer to his bank (as per the salary transfer letter).

The employee has reverted stating that he will not sign it since he wants the EOSB sent to his account back home.

He says he will go for a legal action against the company, in case we transfer the funds and the bank is constantly following up for the funds.

What can we do? Do we have to wait for the consent? Will we be legally challenged in case we transfer the fund to his bank account without his consent?