Way back in 2006 when 2.4ghz was negotiated by the BMFA (British Model Flying Association) for use model flying use in the UK, I as a model submariner was curious to see "IF" it would work in a submarine, I knew in theory that it would not, but I wanted to see it for real!!Working in a model shop gave me the opportunity to get hold some test gear, the gear was Futaba 6EXA on 2.4ghz.
So I got a waterproof box with 2.4ghz rx, a servo and a battery in, a few inches under the surface with tx nearby it worked as the green light on the rx could be seen along with servo working, a few inches deeper still had control, but as the tx was moved further away, the signal was lost completely. There was the answer, it does work underwater, but only at few feet range, and shallow.
Paul Cook