Seven broadcast the federal police raids on its Sydney offices this morning after much speculation about a lucrative deal for Corby for her first interview since her release from a Bali jail.
The AFP says it has executed a number of search warrants in Sydney in relation to an ongoing Proceeds of Crime Act matter.
"As this matter is ongoing, it is not appropriate for the AFP to comment any further," a spokesperson told SBS.
Seven's commercial director Bruce McWilliam says the raids are a gross overreaction.
"I do think it's laughable because we gave the material over in relation to the production order," he told SBS. "We've got very reputable and responsible lawyers acting for us, and they've been very frank in answering all the questions that have been asked by the AFP. So I think it's high-handed and an unnecessary action."
News Corp is reporting that an unidentified senior federal government minister called Mr McWilliam to apologise for the raids.
Corby was last week released on parole in Bali.
It's believed the AFP raided the Jones Bay headquarters, then the network's Redfern base and the Martin Place offices.
