Peru's President Denies Wrongdoing in 'Rolexgate' Scandal

Overview

• Peru's President Dina Boluarte faces allegations of illicit enrichment linked to her use of luxury watches and jewelry, amid a wider political crisis.
• Boluarte denies wrongdoing, claiming the luxury items were loaned to her by a friend, but admits accepting them was a mistake.
• The investigation, dubbed 'Rolexgate,' began after Boluarte was seen wearing expensive watches and jewelry not declared to authorities.
• Police conducted a historic raid on Boluarte's home, the first against a sitting Peruvian president, but did not find the watches.
• Despite the scandal, Boluarte is unlikely to face immediate consequences due to her alliance with congressional leaders, ensuring her stay in office until 2026.