Seven happy AFP drops Corby investigation

The Seven Network has welcomed the AFP's decision to drop the investigation into Schapelle Corby.

"Seven was always frank and co-operative with the AFP as to our position in the negotiations for an interview with Schapelle Corby and believes that the use and execution of search warrants was excessive and unnecessary," a Seven spokesman said in a statement on Friday.

On Thursday night the AFP announced it was dropping the investigation altogether and would hand back all seized documents.

"In recent weeks, Indonesian authorities have clearly outlined that any such interview would be in breach of Ms Corby's parole conditions and could result in her parole being revoked," the AFP said.

Australian Federal Police officers raided Seven Network offices in Sydney last month amid intense speculation the network was working on a deal with the convicted drug runner for a lucrative first interview following her release from an Indonesian jail.

Under proceeds of crime legislation, convicted criminals can't benefit financially from their notoriety.

Seven noted on Friday that it was awaiting judgment in the Federal Court proceedings heard last week, which seek to have the warrants set aside.

"As the matter remains before the court, we do not intend to make further comment at this stage. The Federal Court proceedings are not affected," Seven's spokesman said.