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Lindsay Lohan has been named a suspect in the theft of a $35,000 missing Rolex.

TMZ reports the missing watch belongs to a friend of Lindsay’s who accidentally left it at LiLo’s house and never got it back.

Sources say the cops have photographic evidence that proves Lindsay knows what happened to the watch. Cops went to Lindsay’s apartment Wednesday to question her about the Rolex but Lindsay denies any involvement in the theft.

Lindsay’s lawyer, Shawn Chapman Holley, tells TMZ, “The allegations are completely untrue.”

In the photo above, taken on April 14, Lindsay is wearing a Rolex – what are the chances that the Rolex in the pic is the missing $35,000 watch?