Sunoco places 4 workers on leave after investigation into bidding

Sunoco puts 4 workers on leave after investigation

PHILADELPHIA — Sunoco Inc. said Thursday it has placed four employees on administrative leave after an internal investigation into the bidding for a crude oil processing transaction found that they violated company policy.

The oil refiner said the employees were in its crude oil supply, product trading and wholesale distribution organization. After it became aware of the improper conduct, Sunoco said it immediately withdrew from the bidding process, conducted an internal investigation and contacted the Department of Justice.

Sunoco added it is cooperating with the DOJ and other government authorities and it “does not believe the matter will result in any material liabilities or revision of financial statements.”

Shares slid 15 cents to $22.15 after hours.