  A model-independent analysis for the exclusive, rare B -> pi^+ pi^- l^+ l^-
decay is presented. The dependence of the various physically measurable
asymmetries and CP violating asymmetry on the new Wilson coefficients is
studied in detail. It is observed that different measurable quantiles are very
sensitive to the different new Wilson coefficients, i.e., to the existence of
new physics beyond standard model.
