Anyan1
Thomasjl is right, principal reasons are anchorage and leakage monitoring. Dcasto makes a very important point that corrosion protection is difficult at best.
I do not know of a published piping standard that specifically prohibits this practice, but I can tell you that in my work with buried fuel lines we quickly learn not to even mention this as it unanimously receives a quick and very negative response from Owners and engineers.
I think the reasons are clear enough, but then again, I don't know exactly what your application is. If the fluid is water, then environmental monitoring concerns may not be valid. But, the anchorage and corrosion concerns are certainly still valid and I would expect that they still make this an unacceptable solution.