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Posted: 2016-04-06 10:05:24

As the Panama Papers - leaked documents from one of the world's biggest offshore law firms - continue to rock the political and corporate worlds, now some of the biggest names in the entertainment industry might well be getting nervous too.

On Tuesday it was revealed that Spain's most successful filmmaker, Pedro Almodovar, is among the names listed in the Mossack Fonseca database.

 Pedro Almodovar and his muse, actor Penelope Cruz, in a scene from the film <i>Volver</i>.

Pedro Almodovar and his muse, actor Penelope Cruz, in a scene from the film Volver. Photo: Supplied

The Oscar-winning director, best known for arthouse films like The Skin I'm In and Volver, and his muse-mentor partnership with Penelope Cruz, who has starred in many of his films, has been named alongside his brother Agustin as holder of an offshore company between 1991 and 1994, managed by Mossack Fonseca.

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Agustin Almodovar took full responsibility for the company as the business partner in the production company, saying in a statement released Monday that he had taken control of everything related to business management, while Pedro was dedicated to the creative aspects.

"I deeply regret the damage my brother's public image is suffering, caused exclusively due to my lack of experience in the first years of our family business," he said.

Jaden Smith and Jackie Chan star in <i>The Karate Kid</i>.

Jaden Smith and Jackie Chan star in The Karate Kid. Photo: Jasin Boland

The director cancelled scheduled press screenings of his new film, Julieta, and postponed press interviews after the news was released.

Meanwhile Hong Kong-born action star Jackie Chan has also been revealed as holding "at least six companies" through the firm - he is yet to address the matter - alongside Bollywood actor Amitabh Bachchan; there are no suggestion that either have been implicated in any wrongdoing.

Bachchan, one of India's biggest movie stars, was appointed director of at least four offshore shipping companies in the British Virgin Islands and the Bahamas, according to the Indian Express newspaper. The companies, set up more than 20 years ago, were reportedly small, but they traded in ships worth millions of dollars.

While more names are likely to be leaked in coming weeks, The International Consortium of Investigative Journalists (ICIJ) releases a full list of individuals and companies involved with Panamanian firm in May.

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