They aren't directly on him but he is a bit naive if he thinks there's nothing to answer. His whole reputation and what he has worked for could go up in a puff of smoke. The same applies to the players. They could have all their trophies and medals stripped. I realise that it is hard for them to stand up against the owners but the risk is that they look back on their careers with regret.
Imagine you received £1k monthly salary into your regular bank account, taxed and NI paid, but you also received £4k into a private account in the Cayman Islands that your employer had set up for you - you'd like it for sure, but you'd know it was wrong, immoral and illegal. The company employs you as a handyman, sends you over to Dubai 4 times a year to train their labourers, for which they also give you cars, single payments equating to a full years salary into the Cayman account, whilst allowing you the use of luxury apartments during your stay. Imagine your family, who had been enjoying careers as warehouse staff, call-centre staff and cleaners, were given executive positions at your employers other companies and were set for life as a result.
Easy to drown out the noise of knowing what's happening around you, but yeah, you know it's fucking dirty.