"We arrested three Pakistanis with fake Indian money of Rs 100,000 in 1000 rupee notes denomination in a trap set up by the police," Tawatchai Narinrat, investigator in the immigration department, told PTI.
The three were nabbed last night when they were coming out of the Pakistan Embassy after apparently exchanging the fake currency for 12,000 baht (Rs 24,000).
Among the arrested was Mohammad Sajjad Noor alias Multan, who is reportedly the head of one of the largest Bangkok-based fake Indian currency notes syndicate.
This is the third seizure of fake Indian currency by the Thai police in recent months.
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