Hi Nazar,
This means that the "he" is a man who is suspected of killing his wife and children. This statement would typically be used at the point in a criminal investigation when police have found sufficient evidence to begin a trial. The use of "stands" suggests the man suspected of the crime is in the trial process or about to begin that trial process before a judge and / or jury.
Please, let me know if this is or is not helpful.
Cheers,
Ellen