It doesn’t. You said Belloq hired them to be his personal army, which paints the Hovitos as complicit in working against their own self-interests. As in, they were the betrayers of their own people and were selling out to Belloq for some cash.

But no, the reality is both Jones and Belloq were out to screw them: Jones by directly robbing them, and Belloq by first scamming them and then robbing them. Both were being imperialist and the Hovitos were the victims.