Oak View Group CEO Tim Leiweke has been indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop and operate the University of Texas' basketball arena in Austin.

Oak View Group CEO Tim Leiweke stepped down from his post as CEO following an indictment on a conspiracy charge.

Oak View Group CEO Tim Leiweke, whose company currently oversees Dallas’ Kay Bailey Hutchison Convention Center and was up until recently responsible for day-to-day operations at Fair Park, was indicted by a federal jury after being accused of rigging the bidding process for a sports arena at the University of Texas in Austin.