Celtic shareholder Dermot Desmond has reportedly been named in the Panama Papers.

The Irish Times has reported that Mr Desmond, who is majority shareholder at Celtic, is amongst a number of high-profile figures named in documents leaked from Panamanian law firm, Mossack Fonseca.

More than 11 million documents have been made public as a result of the leak.

It is understood that the 65-year-old, who is worth an estimated £1.38bn, is named in a 2005 letter from HSBC Private Bank in Switzerland to Mossack Fonseca about Panamanian company Ard International Inc, whose directors granted power of attorney over the company to Mr Desmond.

In a correspondence five months later, Mr Desmond resigned as attorney and asked the company's international directors to grant power of attorney to two Swiss lawyers.

The files also named Irish businessman and racehorse owner JP McManus as a client of the firm.

There is no suggestion that those named in the papers have broken the law.

Both men are yet to comment on their links to the law company.

The Irish Times reported: "The two wealthy Irish business figures, Dermot Desmond and JP McManus, also appear in the files.

"Both are active in international investments and are not tax resident in this jurisdiction, and it is not surprising that they might show up in the files of a major law firm that provides global services."

High-profile figures including Simon Cowell, Jackie Chan and Stanley Kubrick have all been named in the Panama Papers.