Apr 13, Kathmandu- Peru's President Dina Boluarte has been suspended from impeachment proceedings in parliament over her alleged illegal gift of a 'Rolexgate' watch.

A parliamentary subcommittee investigating the case has ruled that there is no truth to the accusation that she illegally received the watch as a gift, but that the watch was purchased by a friend of the president, saving her from facing corruption charges and impeachment.

Meanwhile, Peru's Congress has suspended a corruption investigation against him.

A subcommittee hearing the charges recommended Friday that the case be dropped, which could further damage the president's deep unpopularity.

The case against Boluarte, 62, may still be open when he leaves office and loses his presidential immunity in July 2026.

The so-called “Rolexgate” scandal began in March 2024 when the president was found to have an undeclared stash of expensive Rolex watches and jewelry.

Boluarte told prosecutors that he had bought the watches with money from a friend, but the attorney general formally charged him in Congress with the assets he had obtained through bribery.

The president, whose approval rating is in the single digits, has no party or leadership in parliament, but has the support of the ruling conservative parties.

He faces a separate investigation into his unannounced two-week absence in 2023 for a nose job, which he said was for medical reasons rather than cosmetic purposes.

Peru has been plagued by political instability for a long time and has had six presidents in the past eight years.

In December 2022, Boluarte replaced the leftist President Pedro Castillo and assumed office. He was the Vice President of Castillo.

The next presidential and legislative elections in Peru will be held in April 2026.