Central Bank governor Gabriel Makhlouf has insisted he had no legal standing to block Israel’s “war bond” transfer to Luxembourg and said the UN Genocide Convention and an international court ruling against Israel were “not issues” for the decision.

Facing sceptical questions at the Oireachtas finance committee, Mr Makhlouf said he had no scope to stop the Luxembourg switch that Israel sought even though bank documents say it has the right “in its sole and absolute discretion” to accept o

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