Thursday, July 28, 2005

Royal Opera Says Vilar in Breach of Pledge

Royal Opera Says Vilar in Breach of Pledge: "Royal Opera Says Vilar in Breach of Pledge

By JILL LAWLESS
The Associated Press
Wednesday, July 27, 2005; 11:52 AM

LONDON -- Britain's Royal Opera House has declared troubled philanthropist Alberto Vilar in breach of a multimillion-dollar pledge that saw the company put his name on its flagship building. It gave him 60 days to resume payments.

It is the latest sour note in the relationship between Britain's leading opera house and the Cuban-born financier, who was arrested in New York in May on charges of business fraud."

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