Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Peruvian president rules out resignation amid Rolex inquiry

Published 30/03/2024, 13:43
© Reuters. FILE PHOTO: Peru's President Dina Boluarte attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S. November 17, 2023. REUTERS/Carlos Barria/File Photo

By Marco Aquino

LIMA (Reuters) -Peruvian President Dina Boluarte on Saturday said she would not resign after her house was raided as part of inquiries into possible illicit enrichment and failure to declare ownership of luxury watches.

Some 20 officials from the public prosecutor's office and 20 police raided Boluarte's house on Friday night, and the palace on Saturday morning.

"I took office with clean hands and thus I will retire from the presidency in 2026," she said at a press conference, calling the raids a "disproportionate" measure and "abusive."

Boluarte's house is located in the Lima district of Surquillo, a few kilometres from the palace where she works.

"Personnel from the palace provided all the facilities for the diligence requested," the presidency said on social media platform X, adding that it was carried out "normally and without any incident."

However, Peruvian Prime Minister Gustavo Adrianzen also criticized the raids. "The political noise that is being made is serious, affecting investments and the entire country," he wrote on X. "What has happened in the last few hours is disproportionate and unconstitutional actions."

Two weeks ago, prosecutors began preliminary inquiries following a media report by internet program La-Encerrona that the president possessed several Rolex watches.

The inquiry intended to establish whether there were grounds for a formal investigation of the president.

Boluarte, in office since December 2022, has acknowledged that she owns Rolex watches, which she said she had bought with money she earned since she was young.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The prosecutor's office had tried unsuccessfully last Wednesday to conduct a check of the watches at Boluarte's office, but her lawyers said there was a clash of diary appointments and sought to reschedule the appointment.

The inquiry into Boluarte is the latest in a long history of probes into Peruvian presidents and senior officials.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.