Exhibit31.2
CERTIFICATIONOFPRINCIPAL FINANCIAL OFFICER
I, HenryFahman,ActingPrincipal Financial Officer,PHI Group, Inc., certify that:
1. I havereviewedthis report on Form 10-Kof PHI Group, Inc.;
2. Based on myknowledge,this report does not contain any untruestatementof amaterialfact or omit to state amaterialfactnecessaryto make thestatementsmade, in light of thecircumstancesunder which suchstatementswere made, notmisleadingwith respect to the periodcoveredby this report;
3. Based on myknowledge,thefinancial statements,and otherfinancial information includedin this report, fairly present in allmaterial respectsthefinancial condition,results ofoperationsand cash flows of the smallbusinessissuer as of, and for, the periodspresentedin this report;
4. The smallbusinessissuer's othercertifying officersand I areresponsibleforestablishingandmaintaining disclosure controlsandprocedures(as defined inExchangeAct Rules 13a-14 and 15d-14) for the smallbusinessissuer and have:
a)designedsuchdisclosure controlsandprocedures,or caused suchdisclosure controlsandproceduresto bedesignedunder oursupervision,to ensure thatmaterial information relatingto the smallbusinessissuer,includingitsconsolidated subsidiaries,is made known to us by others within thoseentities, particularlyduring the period in which this report is beingprepared;
b)evaluatedtheeffectivenessof the smallbusinessissuer'sdisclosure controlsandproceduresandpresentedin this report ourconclusionsabout theeffectivenessof thedisclosure controlsandprocedures,as of the end of the periodcoveredby this report based on suchevaluation;and
c)disclosedin this report any change in the smallbusinessissuer'sinternalcontrol overfinancial reportingthatoccurredduring the smallbusinessissuer's most recent fiscal quarter (the smallbusinessissuer's fourth fiscal quarter in the case of an annual report) that hasmaterially affected,or isreasonablylikely tomateriallyaffect, the smallbusinessissuer'sinternalcontrol overfinancial reporting;and
5. The smallbusinessissuer's othercertifying officersand I havedisclosed,based on our most recentevaluationofinternalcontrol overfinancial reporting,to the smallbusinessissuer'sauditorsand the auditcommitteeof smallbusinessissuer's board ofdirectors(orpersons performingtheequivalent functions):
a) allsignificant deficienciesandmaterial weaknessesin the design oroperationofinternalcontrol overfinancial reportingwhich arereasonablylikely toadverselyaffect the smallbusinessissuer's ability to record,process, summarizeand reportfinancial information;and
b) any fraud,whetheror notmaterial,thatinvolves managementor otheremployeeswho have asignificantrole in the smallbusinessissuer'sinternalcontrol overfinancial reporting.
PHIGROUP,INC.
/s/ HenryFahman
HenryFahman,ActingPrincipal FinancialOfficer
Dated:October13, 2009
