The investigation, Operation Branchform, began in 2021, reaching its peak in April this year with the arrests of Nicola Sturgeon's husband - and former SNP chief executive - Peter Murrell and then party treasurer Colin Beattie.
Both men were released without charge pending further investigation.
As well as the arrests, searches were carried out at a number of properties, including Murrell and Sturgeon's home - where a police tent was erected in the garden and SNP headquarters in Edinburgh.
Some close to the party viewed the actions of police as heavy handed.
But, speaking to the Sunday Times, Chief Constable Sir Iain Livingstone defended the probe.
The senior officer - who is due to leave the post in August - added: "I am satisfied that the steps we have taken are proportionate and necessary.
"Operation Branchform has integrity, it is expected to have rigour.
"If the operation had not been pursued I would rightly have been accused of neglect of duty.

Police chief defends the force over SNP inquiry

Mother Jones

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