Is this the motor that is on a VFD? As I believe it may be that particular phase output that may be the problem, if so swap two of the phases temporarily to see if the lower current stays on the same phase.
Or if on a VFD supply, hook it up to 3 phase direct, if possible, and recheck
If it is on a fixed 3 phase supply, then the ammeter should be a simple indication of the health of the motor.
Al.