Political situation in Peru

President required on receipts in Peruvian Rolex scandal

Expensive jewelry and luxury watches have drawn Peruvian President Dina Boluarte into a political crisis. After a police raid on her home last week, Boluarte was questioned by prosecutors on Friday, AP reports.

Peruvian law requires politicians to account for purchases of more expensive jewelry, which the president has not done. Prosecutors are now demanding that she provide receipts for her Rolex watches and Cartier bracelets, which are estimated to be worth several million kroner. Boluarte is also suspected of having received large sums of money.

The president has waved away the accusations, claiming that the luxury items are the result of hard work.

- I entered the presidential palace with clean hands and I will leave it with clean hands, as I promised the Peruvian people, she said last week.

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Expert: She stays despite dissatisfaction and suspicions

Peru is no stranger to political turmoil. In six years, the country has had six presidents who have contributed to a series of controversies.

The ongoing so-called Rolex scandal in Peru comes untimely for the already unpopular incumbent President Dina Boluarte. As many as 86 percent of Peruvians dislike their leader, according to a survey from March, AP reports.

Analysts the news agency spoke to, however, do not believe the ongoing investigation will unsettle her, as Peruvian presidents cannot be charged with crimes and impeachment is a long way off.

- Boluarte's alliance will likely remain until 2026, says Will Freeman, Latin America expert at the Council of Foreign Relations think tank.