  The B -> K^* l^+ l^- (l = mu, tau) is analyzed in a minimally extended
Standard Model in which the Wilson coefficients have new CP-odd phases. The
sensitivity of the CP asymmetry and lepton polarization asymmetries to the new
phases is discussed. It is found that the CP asymmetry is sensitive to the new
phase in the Wilson coefficient C_7 whereas the normal lepton polarization
asymmetry is sensitive to the phase in the Wilson coefficient C_(10).
Additionally, the correlation between the CP and normal lepton polarization
asymmetries is studied. A simultaneous measurement of these two asymmetries can
be useful in search for the existence of the new sources of CP violation beyond
the Standard Model.
