Of course anytime and anywhere someone this important and this famous gets caught doing something wrong, it is minimized by a large portion of people. Just look in cycling all the doping cases, a lot of National ADA's have been very leniant on their riders, politicians have spoken out in favour of them, etc.
The same thing now happens here.... H. has achieved legendary hero status long ago, so a silly €27,2 Million seems trivial in comparison to all that he's done for the club, for the city, for the state.... and big politicians like Seehofer and Stoiber are not going to drop him because he is simply too important.
Of course worse things have happened and it's not like he killed anyone, so should he reclaim his position after his release, I see no problem with it. The only thing that bugs me is that he seems to have no remorse, no feeling that he did something wrong. On the contrary, he feels unjustly attacked, style "I donated €5 Million to charity, so what are we even doing here?". I think that has two reasons - one, his natural arrogance and pride ("mia san mia", etc.), and two, at a certain point people like him who deal with unimaginable sums of money every day seem to lose all proportion, so that €27,2 Million seems indeed like nothing to him.
Finally, none of this would have ever come out if it wasn't for investigative journalists, and even when he did finally confess, he tried to hide 9/10's of it