Tennessee’s attorney-general says his office is investigating a company’s effort to auction off Graceland, Elvis Presley’s famed mansion in Memphis.

Attorney-General Jonathan Skrmetti said in a statement on Thursday his office was investigating if any fraud was carried out by Naussany Investments & Private Lending, which on Wednesday abandoned its plan to auction Graceland.

“Graceland is one of the most iconic landmarks in the state of Tennessee, and the Presley family have generously shared it with the world since Elvis’s passing,” Skrmetti said.

“My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland.”

A request for comment from Naussany Investments & Private Lending sent to an email address of a company representative listed in court documents was not immediately returned.

The company on Wednesday said it was abandoning plans to auction off Graceland after a Tennessee judge blocked the sale following allegations of fraud.

Graceland, where Presley is buried, is a popular tourist attraction, drawing more than 600,000 visitors a year. Presley, dubbed the “King of Rock and Roll,” died in 1977 aged 42.

Naussany Investments had claimed Presley’s daughter, Lisa Marie Presley – who died in 2023 aged 54 – had used Graceland as collateral when borrowing $US3.8 million ($5.7 million) that was never repaid, according to a public notice of the intended sale.

Presley’s granddaughter, actress Riley Keough, who inherited the home after her mother’s death, sued Naussany, asserting her mother never took out the loan and that Naussany was engaged in fraud.

In a sworn affidavit attached to the lawsuit, the notary public listed on Naussany’s documents said she had never met Lisa Marie Presley or notarised her signature.

– AAP