Vic man abducted at knifepoint

A Melbourne man is recuperating in hospital after being abducted from his home at knifepoint.

The 54-year-old man returned to his Frankston home at 5.30pm on Saturday and found an unknown man inside armed with a knife.

The armed man bound his victim's arms and forced him into the passenger seat of his own car.

A short time later police tried to intercept the stolen car but did not give chase and car was found soon after - it had crashed into an embankment.

Police arrested a 47-year-old Frankston man at the scene and he is under police guard in hospital after suffering minor injuries in the crash.